international
Jailed crypto founder Sam Bankman-Fried seeks Trump pardon
Key takeaways
- Bankman-Fried was given a 25-year sentence after he was convicted of multiple federal charges related to FTX, the cryptocurrency exchange that he founded and led, and its related company Alameda Research.
- Just two years into that sentence, the 34-year-old former billionaire has now filed an application for pardon after completion of sentence to the Department of Justice, according to online records.
- Should Bankman-Fried ultimately receive a pardon, his crimes would essentially be forgiven under the law.
Why this matters: an international story with cross-border implications worth tracking.
Kali Hays Technology reporter Reuters Sam Bankman-Fried was sentenced two years ago to 25 years in jail Sam Bankman-Fried, the one-time giant in cryptocurrencies currently in prison for fraud, has applied for a pardon from President Donald Trump.
Bankman-Fried was given a 25-year sentence after he was convicted of multiple federal charges related to FTX, the cryptocurrency exchange that he founded and led, and its related company Alameda Research.
Just two years into that sentence, the 34-year-old former billionaire has now filed an application for pardon after completion of sentence to the Department of Justice, according to online records.
Article preview — originally published by BBC World. Full story at the source.
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