{"id":46208,"date":"2026-06-08T16:54:03","date_gmt":"2026-06-08T16:54:03","guid":{"rendered":"https:\/\/cryptd.in\/sam-bankman-fried-formally-seeks-presidential-pardon-from-trump-files-clemency-petition\/"},"modified":"2026-06-08T16:54:03","modified_gmt":"2026-06-08T16:54:03","slug":"sam-bankman-fried-formally-seeks-presidential-pardon-from-trump-files-clemency-petition","status":"publish","type":"post","link":"https:\/\/cryptd.in\/sv\/sam-bankman-fried-formally-seeks-presidential-pardon-from-trump-files-clemency-petition\/","title":{"rendered":"Sam Bankman-Fried Formally Seeks Presidential Pardon From Trump, Files Clemency Petition"},"content":{"rendered":"

Bitcoin Magazine<\/a>
\n
\nSam Bankman-Fried Formally Seeks Presidential Pardon From Trump, Files Clemency Petition<\/a><\/p>\n

<\/div>\n

Sam Bankman-Fried, the imprisoned founder of the collapsed cryptocurrency exchange FTX<\/a>, has filed a formal clemency petition with the U.S. Department of Justice\u2019s Office of the Pardon Attorney, requesting a presidential pardon from President Donald Trump while serving a 25-year prison sentence for fraud and conspiracy.<\/p>\n

The application, now listed as pending in DOJ records, comes as Bankman-Fried pursues a simultaneous appeal of his conviction and sentence.<\/p>\n

In a phone interview with FOX Business correspondent Susan Li \u2014 his first on-record media appearance from behind bars \u2014 Bankman-Fried<\/a> made clear he wants Trump\u2019s intervention. \u201cI assume that you would want a pardon from the White House?\u201d Li asked. \u201cAbsolutely,\u201d Bankman-Fried replied. \u201cIt would be, obviously, ultimately up to the president, not up to me.\u201d\u00a0<\/p>\n

When pressed on whether his parents or family members were lobbying the administration on his behalf, Bankman-Fried offered only a deflection: \u201cI can\u2019t speak for them.\u201d<\/p>\n

The pardon application is listed on the DOJ\u2019s clemency case status portal as a request for a \u201cpardon after completion of sentence.\u201d The office confirmed that details of ongoing reviews are not disclosed to the public.<\/p>\n

President Donald Trump has said<\/a> that he will not pardon former FTX CEO Sam Bankman-Fried, rejecting clemency for the convicted executive.<\/p>\n

Bankman-Fried\u2019s failure at FTX<\/h2>\n

Bankman-Fried was sentenced<\/a> on March 28, 2024, to 25 years in federal prison after a New York jury found him guilty on all seven criminal counts in November 2023, including two counts of wire fraud and five counts of conspiracy.\u00a0<\/p>\n

Prosecutors demonstrated<\/a> that he misused billions of dollars in customer deposits to fund risky bets at his affiliated hedge fund, Alameda Research, while also financing political donations and real estate purchases.\u00a0<\/p>\n

The court found that FTX customers lost $8 billion, equity investors in FTX lost $1.7 billion, and lenders to Alameda Research lost $1.3 billion. Judge Lewis Kaplan ordered an $11 billion forfeiture.<\/p>\n

Despite the verdict, Bankman-Fried refuses to characterize his conduct as theft.<\/p>\n

\u201cI didn\u2019t steal user funds either,\u201d he told Li. \u201cCustomers have been repaid now 170% or so on their deposits. It\u2019s one of the very few cases where the platform was over-collateralized, where customers were more than made whole. And yet there was not just a criminal investigation, but a prosecution and dozens of years of sentence.\u201d\u00a0<\/p>\n

He pointed to the recovery of cryptocurrency markets during the FTX bankruptcy process as the reason customer payouts exceeded original deposit amounts.\u00a0<\/p>\n

\u201cIt\u2019s a great disservice to them that it has taken three years,\u201d he added.<\/p>\n

The push for clemency follows a months-long pattern of public statements from Bankman-Fried that mirror Trump\u2019s positions.\u00a0<\/p>\n

Writing through prison-approved communications, he has praised Trump\u2019s decision to strike Iran, credited the president with rescuing the Securities and Exchange Commission through the appointment of Paul Atkins to replace Gary Gensler, and highlighted falling gasoline prices under the current administration.\u00a0<\/p>\n

The approach mirrors a political repositioning strategy Bankman-Fried had deployed before \u2014 after being seen as a Democratic mega-donor in 2020, he appeared on Tucker Carlson\u2019s program in 2025 to signal alignment with conservative audiences.<\/p>\n

The bid places Bankman-Fried alongside a wave of high-profile defendants who have received clemency from Trump since his return to office.\u00a0<\/p>\n

Trump pardoned<\/a> Silk Road founder Ross Ulbricht, former Binance CEO Changpeng \u201cCZ\u201d Zhao, and the co-founders of BitMEX.<\/p>\n

The FTX collapse began<\/a> in November 2022 after CoinDesk reported on balance sheet concerns linking FTX to Alameda Research, triggering a customer run that exposed an $8 billion gap in the exchange\u2019s accounts.\u00a0<\/p>\n

Key FTX insiders, including former Alameda CEO Caroline Ellison and FTX co-founder Gary Wang, testified against Bankman-Fried after pleading guilty and cooperating with federal prosecutors.<\/p>\n

This post Sam Bankman-Fried Formally Seeks Presidential Pardon From Trump, Files Clemency Petition<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Sam Bankman-Fried Formally Seeks Presidential Pardon From Trump, Files Clemency Petition Sam Bankman-Fried, the imprisoned founder of the collapsed cryptocurrency exchange FTX, has filed a formal clemency petition with the U.S. Department of Justice\u2019s Office of the Pardon Attorney, requesting a presidential pardon from President Donald Trump while serving a 25-year prison sentence […]<\/p>\n","protected":false},"author":1,"featured_media":46210,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-46208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\nSam Bankman-Fried Formally Seeks Presidential Pardon From Trump, Files Clemency Petition - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/sv\/sam-bankman-fried-formally-seeks-presidential-pardon-from-trump-files-clemency-petition\/\" \/>\n<meta property=\"og:locale\" content=\"sv_SE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sam Bankman-Fried Formally Seeks Presidential Pardon From Trump, Files Clemency Petition - 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