Sam Bankman-Fried Files Pardon Application on June 8, Suggests May Launch New Crypto

According to New York Magazine, Sam Bankman-Fried filed a presidential pardon application with the Trump administration on June 8 while suggesting in a recent conversation with a fellow inmate that he might launch a new cryptocurrency if released from prison. Bankman-Fried is currently serving a 25-year sentence at a federal prison in Lompoc, California, following his 2023 conviction on fraud and conspiracy charges related to the collapse of FTX. A U.S. appeals court recently upheld both his conviction and sentence, narrowing his legal options for challenging the verdict.
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