Convicted to 25 years in prison for financial misconduct, former FTX CEO Sam Bankman-Fried takes new legal steps to challenge his sentence while hoping for a pardon.
Bankman-Fried's Legal Strategy
Following his imprisonment in March 2024, Bankman-Fried challenges his conviction, claiming no one was guilty. This defense line draws significant interest, especially since it contradicts the reality of enormous customer financial losses and the confessions of his accomplices.
Political Maneuvers and Connections
Previously a major donor for the Democratic Party, Bankman-Fried now echoes rhetoric close to supporters of former U.S. President Donald Trump. This coincidence could hint at a hope for a presidential pardon, especially as his parents actively assist in this process.
Path to a Possible Pardon
Bankman-Fried hopes for a clemency from the president like that granted to Ross Ulbricht, creator of the Silk Road darknet marketplace. However, experts suggest such backing might not be as strong for Bankman-Fried.
Sam Bankman-Fried continues to exploit all legal and political resources to mitigate his fate. Despite unfavorable conditions, he remains an active player in his fight for freedom.
