Imprisoned FTX founder Sam Bankman-Fried is reportedly hoping to safe a pardon from President Donald Trump.
The New York Occasions, citing “six individuals with information of the matter,” reports that Bankman-Fried has talked to a lawyer affiliated with Trump, reached out to DC lobbyists and interviewed with Tucker Carlson in an effort to enchantment to the president.
Crypto lobbyists are uncertain the disgraced FTX founder’s efforts can be profitable, with one telling Fortune that Bankman-Fried had a “close to zero” probability of securing a pardon.
FTX imploded and filed for chapter in November 2022 amid accusations that Bankman-Fried mishandled the alternate’s funds by loaning out billions of {dollars}’ price of buyer deposits to Alameda Analysis, the agency’s buying and selling arm.
The alternate’s multi-billion greenback collapse led to a pointy downtick in crypto costs, and US federal authorities arrested Bankman-Fried the next month.
A US choose sentenced the FTX founder to 25 years in jail final 12 months after he was convicted of fraud expenses in 2023.
Earlier this 12 months, Bankman-Fried’s dad and mom, Stanford Regulation College professors Joseph Bankman and Barbara Fried, reportedly met with lawyers and different figures thought of near Trump to debate potential clemency for his or her son.
Joseph Bankman even penned an opinion piece within the Washington Put up (with Berkeley regulation professor Mark Gergen) praising Trump’s plan for a US sovereign wealth fund.
Trump pardoned Silk Street creator Ross Ulbricht in January, fulfilling a marketing campaign promise to Libertarian voters.
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