BlockBeats News, February 25 — According to Forbes, convicted FTX founder Sam Bankman-Fried is launching a futile effort to seek a presidential pardon in the United States. Despite serving a 25-year sentence in federal prison, he continues to post attacks against opponents often mentioned by the MAGA camp, such as the “deep state.”
Although Bankman-Fried has not explicitly stated his goal, his social media campaign’s purpose is clear: to persuade U.S. President Trump to release him from federal prison. Considering that Trump has previously pardoned several well-known individuals convicted of financial crimes, this strategy does not seem entirely illogical.
However, for the White House, Bankman-Fried’s request appears destined to fail. In response to a request for comment, a White House spokesperson reiterated that Trump has no intention of pardoning Bankman-Fried.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
SEC withdraws charges against Justin Sun, Rainberry settles for tens of millions of dollars
The U.S. Securities and Exchange Commission (SEC) has dropped all charges against Tron founder Justin Sun and his affiliated entities, and reached a settlement with his subsidiary Rainberry, which agreed to pay a $10 million fine. The charges included unregistered token sales, market manipulation, and undisclosed celebrity endorsements. This settlement reflects a shift in the SEC's enforcement approach toward the cryptocurrency industry and does not constitute a definitive ruling on the legal status of TRX and BTT.
MarketWhisper19m ago
Gate Daily (March 6): Crypto market structural bill negotiations hit a deadlock; Russia plans to introduce a stablecoin bill
Bitcoin failed to continue its rebound, with the price around $70,810. Negotiations on the U.S. Digital Asset Market Structure Act have stalled, with banks opposing the approval of stablecoin yield products. Russia plans to introduce an independent stablecoin bill to legalize the related industry. Market conditions are affected by geopolitical tensions, with rising oil prices raising concerns and further impacting inflation and trade.
MarketWhisper42m ago
Penguin Fashion Brand sues Pudgy Penguins for trademark infringement
PEI Licensing has sued the NFT project Pudgy Penguins in U.S. federal court for trademark infringement due to retail products like plush toys and clothing. Despite a cease and desist letter, Pudgy Penguins continued sales, potentially misleading consumers about its connection to the established Penguin brand. PEI seeks restitution for profits made from alleged infringement.
TapChiBitcoin1h ago
SEC Moves to Settle Justin Sun Case With $10M Penalty for BitTorrent Owner
The SEC's proposed settlement requires Rainberry Inc. to pay a $10 million fine and bans it from deceptive practices. In return, the SEC will dismiss its claims against Justin Sun and affiliates, marking a shift in crypto regulation.
Decrypt3h ago
Son of U.S. government contractor arrested by FBI for allegedly stealing $46 million in cryptocurrency
Gate News bot message: According to X platform, the son of a U.S. government contractor, John Daghita, has been arrested by the Federal Bureau of Investigation (FBI) for allegedly stealing $46 million worth of cryptocurrency from the U.S. Marshals Service.
GateNews10h ago
How OTC merchants step by step into the trap of "illegal business operation"
Author: Lawyer Shao Shiwei
Profiting from buying and selling virtual currencies through price differences, but being prosecuted for receiving foreign exchange transfer funds—this article is based on a real case handled by Lawyer Shao, involving an OTC merchant accused of illegal business operations and concealing criminal proceeds through off-market USDT transactions.
In this case, the involved party has long been engaged in buying and selling USDT to earn price differences. During a normal transaction, he unfortunately received RMB funds transferred by an underground bank upstream, illegally exchanging currency for others. Big data analysis confirmed that this fund was identified as foreign exchange transfer funds.
The question then arises: Is simply earning from virtual currency price differences enough to be criminally liable for receiving foreign exchange transfer funds from illegal foreign exchange transactions upstream?
More notably, there are differing opinions within the case-handling agency regarding whether to apply the crime of illegal business operations or the crime of concealing and disguising criminal proceeds.
Lawyer Shao’s view is that such cases cannot be simply classified; the behavior must be assessed based on the individual's role in a layered manner.
PANews11h ago
