BlockBeats News, February 25 — According to Forbes, convicted FTX founder Sam Bankman-Fried is launching a futile effort to seek a presidential pardon in the United States. Despite serving a 25-year sentence in federal prison, he continues to post attacks against opponents often mentioned by the MAGA camp, such as the “deep state.”
Although Bankman-Fried has not explicitly stated his goal, his social media campaign’s purpose is clear: to persuade U.S. President Trump to release him from federal prison. Considering that Trump has previously pardoned several well-known individuals convicted of financial crimes, this strategy does not seem entirely illogical.
However, for the White House, Bankman-Fried’s request appears destined to fail. In response to a request for comment, a White House spokesperson reiterated that Trump has no intention of pardoning Bankman-Fried.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Fake FBI Crypto Tokens Are Being Used to Threaten Tron Users, Authorities Warn
In brief
The FBI said users on Tron are receiving tokens that claim to be from federal law enforcement.
The tokens urge recipients to immediately provide personal information or risk sanctions and asset freezes.
Although the FBI said it didn’t create the token, agents have used fake token
Decrypt55m ago
Address holding 13.21 million USDT frozen
Gate News, on March 19, a cryptocurrency address holding 13,215,713 USDT (approximately $13.2165 million) was frozen. The specific reason for this large-scale fund freeze has not been disclosed, and this incident has once again drawn market attention to cryptocurrency asset security and regulatory actions.
GateNews3h ago
American Man Pleads Guilty to Using AI-Generated Songs to Defraud Streaming Royalties of Over 8 Million Dollars
A North Carolina resident, Michael Smith, has formally pleaded guilty in a streaming royalty fraud case. He used AI technology to generate songs in bulk and created fake plays through bot accounts to fraudulently obtain over $8.09 million in royalties. He will face sentencing in 2026.
GateNews4h ago
Seoul Police Bust Family Money Laundering Ring, Transfers Hundreds of Billions of Won Through Unregistered Cryptocurrency Exchange
Seoul police uncovered a money laundering case involving an unregistered virtual asset exchange, arresting 19 members with suspected proceeds totaling hundreds of billions of won. The group converted cash obtained from telecommunications fraud into Tether (USDT) and transferred it overseas. Police seized approximately 6 billion won in assets.
GateNews5h ago
CLARITY Act’s Stablecoin Yield Deal Near as SEC Redefines Tokens
Lawmakers and regulators are making progress on crypto policy, with a stablecoin yield proposal anticipated soon. The SEC and CFTC classified most crypto assets as non-securities, designating several as digital commodities.
CryptoFrontNews6h ago
Algorand Cuts Workforce as SEC Labels ALGO a Commodity
The Algorand Foundation has reduced its workforce by 25% amid market uncertainty, even as the SEC clarified ALGO’s status as a digital commodity. The move reflects a strategic reset rather than a retreat from long-term growth.
Layoffs Hit Algorand as Market Pressures Collide With Regulatory
Coinpedia9h ago
