Sam Bankman-Fried's parents seek Trump pardon for their son: report
Quick Take Sam Bankman-Fried’s parents are aiming to get a presidential pardon for their son, but it’s not certain whether they’ve reached out to the White House yet, reports Bloomberg. Joseph Bankman and Barbara Fried’s move to free Sam follows other attempts to pardon incarcerated high-profile crypto figures, such as Silk Road founder Ross Ulbricht.
The parents of Sam Bankman-Fried are looking to get their son a pardon from President Donald Trump, but it's not certain whether they've reached out to the White House yet, reports Bloomberg, citing a person familiar with the matter.
Joseph Bankman and Barbara Fried's move to free Sam follows other attempts to pardon incarcerated high-profile crypto figures. After his loved ones spent years seeking his freedom, Ross Ulbricht, founder and operator of the darknet marketplace Silk Road, walked free after 11 years in prison after Trump pardoned him on Jan. 21.
However, Sam Bankman-Fried likely won't have as much support as Ulbricht. Bankman-Fried, the former CEO of the now-defunct crypto exchange FTX , was sentenced to 25 years in prison after a jury ruled he defrauded billions from investors in what was called "one of the biggest financial frauds in U.S. history," The Block previously reported.
Bankman-Fried was also one of the largest donors to the Biden campaign in 2020, donating $5.2 million to defeat Donald Trump at the time.
Bankman-Fried's odds of receiving a presidential pardon within Trump's first 100 days don't look too good on Polymarket, either. Ulbricht amassed 95% odds of a pardon on the decentralized marketplace leading up to his pardon—thanks to Elon Musk posting, "Ross will be freed too," on the social media platform X hours before. Bankman-Fried's odds of a pardon are 6% as of publication, up from 4% on Jan. 22.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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