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Coin Edition 2025-01-31 18:35:00

Bankman-Fried Seeks Trump Pardon, LayerZero Settles with FTX Estate

Bankman-Fried Seeks Trump Pardon, LayerZero Settles with FTX Estate

Bankman-Fried’s parents seek clemency from Trump, holding meetings with legal figures in his orbit. White House declines to comment on pardon outreach. FTX estate settles with LayerZero after prolonged legal battles. Jailed FTX founder Sam Bankman-Fried, is now seeking clemency from President Donald Trump. Meetings by his parents, Stanford Law School professors Joseph Bankman and Barbara Fried, with lawyers and key figures in Trump’s orbit have fueled rumors about a potential pardon. The crypto innovator-turned-convicted felon got a 25-year sentence in March 2024, for the forfeiture of $8 billion from FTX customers. Since then, more than two dozen letters were filed to plead for the judge’s leniency. Bankman-Fried’s lawyers also requested US District Judge Lewis Kaplan to punish him for not more than 6.5 years, citing his mental condition and charitable deeds. SBF vs. Ulbricht: A Tale of Two Pardons While there’s no official confirmation from the White House, Trump’s pardon of Silk Road founder Ross Ulbricht and the changing stance on cryptocurrency is seen by many as the next potential chapter in Trump’s pro-crypto narrative. Bankman-Fried… The post Bankman-Fried Seeks Trump Pardon, LayerZero Settles with FTX Estate appeared first on Coin Edition .

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