• 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

Chainalysis Releases New Research Report on Cryptocurrency

chest

Chainalysis has recently published a research report that focuses on various aspects of cryptocurrency, providing valuable insights into current trends in the market.

user avatarLeo van der Veen

ETHBTC Ratio Falls to Early 2023 Levels, Raising Investment Questions

chest

The ETHBTC ratio has dropped to 0.027, bringing it back to early 2023 levels, raising questions about Ethereum's market position relative to Bitcoin.

user avatarAisha Farooq

ETHUSDT Chart Signals Bearish Correction Amid Market Concerns

chest

The ETHUSDT chart indicates a bearish correction following a strong weekly open, suggesting a deeper pullback may be needed.

user avatarLi Weicheng

XRP Approaches Critical Support Zone

chest

XRP is currently trading at a significant support area that may influence its next major price movement.

user avatarBayarjavkhlan Ganbaatar

Hyperliquid ETFs Gain Attention with $158 Million in Assets

chest

Three Hyperliquid ETFs launched in May 2026 have accumulated $158 million in combined assets, drawing attention from traders.

user avatarTenzin Dorje

Bitcoin Approaches Key Resistance Level at $64,100

chest

Bitcoin is currently approaching a significant local resistance level at $64,100, following an 11% correction.

user avatarMohamed Farouk

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.