Disgraced Crypto CEO Sam Bankman-Fried Seeks Trump Pardon With Republican Pivot



Sam Bankman-Fried (also known as SBF), the former CEO of bankrupt crypto exchange FTXwants an apology from President Trump. The disgraced former executive, who is now is serving a 25-year sentence in federal prison for his role in the collapseposted an X thread on Thursday praised Trump and his pro-crypto stancein addition to admitting that he is actually a Republican since 2022.

In the thread, SBF admitted that former President Biden “messed with crypto,” especially by appointing Gary Gensler as SEC chair, who became the biggest perceived villain in the crypto industry due to his enforcement of traditional securities regulations on crypto assets. In addition, Bankman-Fried spouted off about several other Republican talking points, such as the ineffectiveness of lockdown policies during the COVID era, various “Dem insanity policies,” and the politicization of the Justice Department by the Biden administration to attack Trump and more.

“The Dems may control the trad media. But they don’t control the truth,” SBF said in the last post in the thread.

This thread didn’t end well on Crypto Twitter, as many respondents said it was an attempt to get in Trump’s good graces for a pardon. A crypto lawyer went so hyperbolically Claims“I now believe that financial crimes should qualify for the death penalty.” The crypto world still holds a lot of grudge against SBF, to say the least.

In fact, a report in The New York Times from last March SHOW The SBF has stepped up its efforts to lobby the Trump administration to seek a pardon. However, in an interview with The New York Times earlier this monthTrump has shown that such a pardon is not possible. Prediction markets Kalshi and Polymarket have pegged the odds of an apology for SBF this year at 21% and 17%each one; however, these odds are based on low combined volumes of less than $25,000.

As pointed out in a Community Note on SBF’s X thread, court documents also previously revealed a Republican pivot, including an interview with conservative media personality Tucker Carlson (which actually happened), is about his earliest plans for the comeback from the FTX debacle.

While the SBF managed to convince some, such as The Big Short and Moneyball author Michael Lewiswhile he’s not a bad guy, it’s important to remember that he literally took customer deposits from FTX and transferred them to a different business where they were effectively gambled away and lost. While some claim that the situation is not so bad because the customers of FTX are eventually made whole, the truth is that the customers only received the dollar value of their crypto holdings from the time the crypto exchange filed for bankruptcy. In other words, the huge crypto asset gains which would have been done by customers has since disappeared. Furthermore, SBF is literal accused and convicted of committing fraud.

At times, SBF can appear to be a master manipulator, but it is worth remembering that he was once too accidentally revealed too much information to a reporter in direct messages, which ended up being entered in court as evidence for the prosecution.

That said, is SBF really to blame for apologizing? After all, it worked for former Binance CEO Changpeng “CZ” Zhao, who was jailed for his role in the crypto exchange’s inadequate anti-money laundering standards during his time there. Forgiveness is the subject of Allegations of “unprecedented corruption” against the current president from a former DOJ officialin addition to acting as supporting evidence for pay-to-play allegations made against the SEC by Democrats on the US House Committee on Financial Services.

Of course, SBF may be out of luck if he doesn’t have business arrangements with Trump-affiliated crypto businesses, as the developers of the bitcoin privacy wallet Samourai Wallet know with their own wishes for forgiveness.



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