Photo: Lam Yik/Bloomberg
Sam Bankman-Fried formally asks Trump for clemency over multi-billion dollar crypto fraud conviction
In a jailhouse interview, Bankman-Fried praised SpaceX and called his own prosecution a great disservice.
Sam Bankman-Fried, the co-founder of FTX, has formally applied for a presidential pardon more than two years after his conviction tied to the multibillion-dollar collapse of the crypto exchange.
Records on the Justice Department’s Pardon Attorney Office website, which was first reported by Bloomberg Tax, show that the 34-year-old requested a “pardon after completion of sentence.”

The application comes as Bankman-Fried continues efforts to obtain executive clemency, using social media and interviews with conservative news outlets to make his case.
His request arrives amid President Donald Trump’s expansive use of presidential pardon powers during his second term, which has already extended relief to numerous white-collar defendants.
Jailed FTX founder says he regrets missing the AI boom from behind bars
The disgraced crypto mogul is serving a 25-year sentence imposed in March 2024 after being convicted on fraud and conspiracy charges linked to the 2022 collapse of FTX, which wiped out billions in customer and investor funds.
Speaking from prison in a recent interview with FOX Business, Bankman-Fried said he “absolutely” hopes to receive a presidential pardon, while deferring final authority to the White House and avoiding direct comment on any lobbying efforts by his family.
In the interview, he reiterated his belief that the prosecution was unjust. The jailed FTX founder argued that creditors have since been largely repaid as crypto markets have recovered. He also expressed regret for missing the AI boom and praised Elon Musk’s companies, including SpaceX, for their long-term upside and execution.
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