{"id":99525,"date":"2026-06-08T17:18:07","date_gmt":"2026-06-08T17:18:07","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=99525"},"modified":"2026-06-08T17:18:07","modified_gmt":"2026-06-08T17:18:07","slug":"ftx-co-founder-bankman-fried-requests-trump-pardon-ftt-soars-45","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=99525","title":{"rendered":"FTX Co-Founder Bankman-Fried Requests Trump Pardon\u2013FTT Soars 45%"},"content":{"rendered":"
\n

Sam Bankman-Fried, the co-founder and former CEO of the collapsed cryptocurrency exchange FTX, moved forward with a new legal effort on Monday by filing a request for a presidential pardon from President Trump.<\/p>\n

Bankman-Fried\u2019s Pardon Bid<\/h2>\n

Bloomberg reported <\/a>that Bankman-Fried submitted an application to the Office of the Pardon Attorney within the US Department of Justice (DOJ), seeking what the site describes as a \u201cpardon after completion of sentence.\u201d\u00a0<\/p>\n

Later on Monday, during an exclusive conversation with FOX Business correspondent Susan Li, Bankman-Fried said <\/a>he \u201cabsolutely\u201d wants a presidential pardon. When Li asked whether he would expect to seek one from the White House, he agreed.\u00a0<\/p>\n

\u201cAbsolutely,\u201d he said, adding that the decision ultimately rests with the president rather than him. Asked if his family or people he has been in contact with are lobbying the administration on his behalf, the FTX co-founder declined to confirm, stating, \u201cI can\u2019t speak for them.\u201d<\/p>\n

In March 2024, Bankman-Fried was sentenced to 25 years in prison after a jury found him guilty on two counts of wire fraud and five counts of conspiracy tied to the fall of his crypto empire.\u00a0<\/p>\n

The court also concluded that FTX customers lost $8 billion, equity investors associated with FTX lost $1.7 billion, and lenders to the Alameda Research hedge fund\u2014Bankman-Fried\u2019s firm\u2014lost $1.3 billion.<\/p>\n

FTX Token Rallies 45%<\/h2>\n

Despite the conviction and long sentence, Bankman-Fried has continued to argue that the case against him was unfair. He told Li that he believes FTX customers have ultimately been repaid and pointed to improvements in bankruptcy outcomes that he said have been helped, at least in part, by a recovery in cryptocurrency markets.\u00a0<\/p>\n

\u201cI didn\u2019t steal user funds either,\u201d he said, adding that customers have been repaid, \u201cnow 170% or so on their deposits.\u201d He described the situation as one of the few cases where the platform was reportedly over-collateralized\u2014meaning customers were more than fully made whole\u2014yet he said prosecutors still pursued criminal charges.<\/p>\n

Notably, the move sparked a major surge in the price of FTX\u2019s native token, FTT. On Monday, it recorded a massive 45% rally, reaching around $0.33 by the time this piece was written. However, the token\u2019s recovery still leaves it 99.5% below its all-time high of $84, which was reached at the peak of the exchange\u2019s operations.\u00a0<\/p>\n

\"FTX\"<\/p>\n

Featured image created with OpenArt; chart from TradingView.com\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Sam Bankman-Fried, the co-founder and former CEO of the collapsed cryptocurrency exchange FTX, moved forward with a new legal effort on Monday by filing a request for a presidential pardon from President Trump. Bankman-Fried\u2019s Pardon Bid Bloomberg reported that Bankman-Fried submitted an application to the Office of the Pardon Attorney within the US Department of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-99525","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/99525","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=99525"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/99525\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=99525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=99525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=99525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}