• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Speculations on Possible Pardon for Sam Bankman-Fried

user avatar

by Giorgi Kostiuk

a year ago

The cryptocurrency exchange FTX, which sparked a bitcoin and altcoin crash, remains a topic of discussion due to rumors about the early pardon of its founder.

FTX Bankruptcy and Its Aftermath

FTX, once a leading cryptocurrency exchange, went bankrupt, leading to a significant downturn in bitcoin and other altcoins. FTX's founder, Sam Bankman-Fried, was sentenced to 25 years in prison for multiple offenses, including fraud.

Elon Musk on Possible Pardon

Tesla's CEO Elon Musk suggested in a post on his X account that Sam Bankman-Fried could receive an early pardon from U.S. President Joe Biden. Musk commented, 'I would be shocked if that doesn't happen.'

I would be shocked if that doesn't happen.Elon Musk

Market Reaction and Projections

Rumors about possibly pardoning Sam Bankman-Fried led to an increase in the FTX Token (FTT) price. Following the news, the probability of pardoning him on the Polymarket platform rose from 5% to 9%.

Speculations surrounding the potential pardon of Sam Bankman-Fried continue to impact the crypto market, causing price fluctuations and attracting public attention.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Chinese AI Startups Make Strong Debuts on Hong Kong Stock Exchange

chest

This week, two major Chinese AI startups, MiniMax and Zhipu AI, made strong debuts on the Hong Kong Stock Exchange, signaling a growing investor confidence in the sector.

user avatarLi Weicheng

Robinhood Unveils Ethereum Layer2 Blockchain: Robinhood Chain

chest

Robinhood announces the launch of Robinhood Chain, an Ethereum Layer2 blockchain solution aimed at facilitating the trading of tokenized assets for EU users.

user avatarLeo van der Veen

Chinese AI Researchers Address Technology Gap with the US

chest

Leading Chinese AI researchers discuss challenges and opportunities in closing the technology gap with the US, emphasizing the need for advanced chipmaking equipment.

user avatarMaya Lundqvist

a16z Predicts Shift in Blockchain Security Practices

chest

a16z partners predict a shift in security practices from 'code is law' to 'spec is law' in blockchain protocols.

user avatarAisha Farooq

House Democrats Push for Legislation Against Political Betting

chest

A coalition of over 30 House Democrats, led by Rep Ritchie Torres and including former Speaker Nancy Pelosi, has introduced the 2026 Financial Prediction Market Public Integrity Act to prohibit federal officials from engaging in political betting.

user avatarTenzin Dorje

ENA Shows Signs of Recovery After Prolonged Weakness

chest

ENA is attempting to shift from a basebuilding phase to a more constructive phase as it tests critical support levels.

user avatarBayarjavkhlan Ganbaatar

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.