Trump Signals No Pardon for Imprisoned FTX Founder Sam Bankman-Fried
US President Donald Trump has signaled that he will not grant a pardon to Sam Bankman-Fried, former CEO of FTX, according to a White House spokesperson. This move comes after months of speculation about Bankman-Fried's chances for clemency.
The spokesperson pointed out that Trump had earlier ruled out pardons for several high-profile figures, including Bankman-Fried, and reiterated that no clemency is currently under consideration.
Bankman-Fried is serving a 25-year federal prison sentence following his conviction on fraud and conspiracy charges tied to the collapse of FTX, once one of the world's largest cryptocurrency exchanges. He has been continuing to challenge his conviction in federal appeals court, arguing that the trial process and sentencing were flawed.
In recent months, Bankman-Fried's public messaging has taken a sharply different tone from his pre-FTX failure profile. He has issued statements critical of the US justice system and aligned with themes commonly associated with Trump and his supporters.