Sam Bankman-Fried May Face Pardon

user avatar

by Giorgi Kostiuk

2 years ago

Sam Bankman-Fried, the former CEO of the defunct crypto exchange FTX, has become a central figure in rumors about a possible presidential pardon. The speculation intensified following comments from billionaire Elon Musk.

Charges and Sentence

The failed crypto exchange FTX was convicted on all seven charges after a five-week trial concluding in November 2023. As a result, Bankman-Fried was sentenced to 25 years in prison, despite the U.S. government's request for a term of 40 to 50 years. His legal team had argued for a more lenient sentence of just six years.

Elon Musk's Position

Speculation about a potential pardon gained traction after comments from Tesla CEO Elon Musk on social media platform X. Musk tweeted that he would be 'shocked if this doesn’t happen.'

I would be shocked if this doesn’t happenElon Musk

Predictions and Perspectives

Despite Musk’s confident prediction, the chances of a pardon for Bankman-Fried seem low. According to the prediction market platform Polymarket, the probability of President Biden granting such a pardon is only 16%. This indicates that market participants believe the likelihood of such an event is minimal.

With upcoming bankruptcy proceedings for FTX set to begin in January 2025, speculation about a possible pardon for Sam Bankman-Fried continues. However, experts suggest the probability of this happening remains low.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

MEXC Reports Surge in After-Hours Trading Activity

MEXC reports a significant increase in after-hours trading volume, surpassing regular hours, with 4920 tokenized stocks traded outside regular hours during July-August 2026.

user avatarTomas Novak

Wall Street Banks Bullish on SPCX Stock

Two major Wall Street banks, Mizuho and Morgan Stanley, have expressed a bullish outlook on SpaceX stock (SPCX), with price targets of $200 and $300 respectively.

user avatarMaya Lundqvist

Elon Musk Optimistic About SpaceX AI Developments

Elon Musk expresses optimism about SpaceX's AI developments, expecting significant advancements in the coming months.

user avatarKaterina Papadopoulou

MEXC Introduces MEXC CLI for Enhanced AI Trading Experience

MEXC introduces MEXC CLI, a command-line tool that allows users to connect their AI agents directly to the trading platform for seamless trading execution.

user avatarLeo van der Veen

XRP Reaches New All-Time High After SEC Settlement

XRP has surged to a new all-time high of 365 in July 2025 following a settlement in the SEC vs Ripple lawsuit.

user avatarAisha Farooq

Warren Buffett's Berkshire Hathaway to Earn $848 Million from Coca-Cola Dividends

Warren Buffett's Berkshire Hathaway is set to earn $848 million in dividends from Coca-Cola due to its long-term investment since 1994.

user avatarTenzin Dorje

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.