Sam Bankman-Fried applied for Trump pardon

FTX founder Sam Bankman-Fried has formally applied for a pardon, as he serves out a 25-year sentence on fraud charges tied to the high-profile collapse of his cryptocurrency exchange.

Bankman-Fried is seeking a pardon after the completion of his sentence, according to the Office of the Pardon Attorney’s website.

The disgraced crypto mogul, who was once considered the industry’s golden boy, was arrested in late 2022 after FTX collapsed.

The exchange filed for bankruptcy after customers attempted to withdraw billions of dollars in funds amid concerns about its financial health. The effective run on the crypto platform exposed discrepancies in its handling of customer funds.

A jury ultimately found Bankman-Fried guilty on various fraud and conspiracy charges for illegally using customer funds to bankroll his own lifestyle, including large political donations.

The FTX founder reportedly has........

© The Hill