• 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

7 months 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.

Other news

Surge in Cryptocurrency Prices: Prepare for Potential Drops

chest

Despite the current rise, potential market movements warn traders of upcoming declines in cryptocurrency prices.

user avatarGiorgi Kostiuk

Investigation Launched Against Robinhood: Allegations of Misleading Customers in Crypto Trading

chest

Florida's financial authorities have opened an inquiry into Robinhood, accusing the firm of misleading customers about cryptocurrency trading costs.

user avatarGiorgi Kostiuk

Jamie Dimon's Take on Future Interest Rates: Key Insights

chest

Jamie Dimon predicts a 40-50% chance of rising US interest rates. What could this mean for the economy and investors?

user avatarGiorgi Kostiuk

ONDO: Successful Breakout and Upcoming Levels to Watch

chest

ONDO price has broken free from a prolonged downtrend and shows potential growth towards $1.13. Traders are keeping a close eye on developments.

user avatarGiorgi Kostiuk

BlockDAG, Chainlink, Polygon, and Polkadot: Top Crypto Trends This Season

chest

Overview of the current cryptocurrency market trends focusing on BlockDAG, Chainlink, Polygon, and Polkadot.

user avatarGiorgi Kostiuk

Top 5 Cryptos to Watch in 2025: BlockDAG, ETH, SOL, and More

chest

This article highlights five cryptocurrencies with growth potential and strong fundamentals, including BlockDAG, Ethereum, and Solana.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

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.