Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Is Sam Bankman-Fried’s Pardon on Cards after Ross Ulbricht?

Is Sam Bankman-Fried’s Pardon on Cards after Ross Ulbricht?

CryptotimesCryptotimes2025/01/31 18:33
By:Vaibhav Jha

Convicted for an astonishing $8 Billion fraud, 32-year-old Sam Bankman-Fried, founder of FTX and crypto’s “poster boy”, might soon walk his way to freedom, after serving just one year of his 25-year jail term. Courtesy- the lenient attitude of the new Trump administration towards infamous crypto entrepreneurs given the recent pardoning of Ross Ulbricht, the founder of infamous dark web market ‘Silk Road’.

According to a report in Bloomberg , parents of  Sam Bankman-Fried’s parents have approached lawyers and other lobbyists considered close to Trump’s inner circle to request clemency for their son. Sam’s parents Joseph Bankman and Barbara Fried are professors at Stanford Law School and according to Bloomberg report, the couple is hopeful that they will receive support from the crypto community for their son, in a similar manner to Ross Ulbricht of Silk Road website.

Ross was convicted with back to back life sentences for running a black market site Silk Road and facilitating commerce through use of Bitcoin as early as 2012. Pardoning of Ross was one of the key election campaigns of Donald Trump who went on to win the 2024 U.S. presidential elections. He was fully pardoned by Trump after serving prison sentence of 13 years.

According to a Bloomberg report, the parents of Sam have not been able to reach out directly to White House yet but are hopeful that Trump will be lenient towards their son, who is currently lodged in a U.S. prison. Neither Fried’s parents nor the White House have responded to media questions on whether a clemency request has been made of late.

Once hailed as a prodigy, Sam has been convicted on charges of wire fraud, conspiracy to securities and commodities fraud and money laundering. His arrested and subsequent collapse of FTX, once world’s largest crypto exchange, is considered a pivotal moment in crypto.

Follow The Crypto Times on Google News to Stay Updated!
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

SLPUSDT now launched for futures trading and trading bots

Bitget Announcement2025/07/23 11:57

Notice: Maintenance for VND deposit service

Bitget Announcement2025/07/21 12:30