Defunct FTX Mogul Sam Bankman-Fried Eyes Trump Pardon for Escape 25-Year Prison

Sam Bankman-Fried, the founder of the collapsed cryptocurrency exchange FTX, is currently serving a 25-year prison sentence for fraud. He claims FTX was not bankrupt and had sufficient funds to repay customers in November 2022, blaming the law firm Sullivan & Cromwell for delaying repayments. This contradicts the FTX estate's plan to distribute $11 billion under its bankruptcy proceedings. Bankman-Fried, previously a Democratic Party donor, has shifted his political support to Donald Trump, potentially seeking a presidential pardon. Some speculate this is motivated by the possibility of an early release, similar to Ross Ulbricht, the founder of the Silk Road online marketplace. Prediction platforms suggest a pardon within the first 100 days of a potential Trump presidency is possible.