FTX founder Sam Bankman Fried (SBF) has been sentenced to 25 years in fraud. His parents have explored the possibility of securing the pardon of his son from the United States President Donald Trump.
According to the report, they met lawyers and individuals while Trump's approval and discussed.
Trump has given an individual tolerance in a prominent case, including the recent amnesty of Silk Road's founder, Los Wolblicht. The SBF Regal Team claims that his sentence is excessive, especially because most FTX customers have collected funds. However, unlike Ulbricht, SBF does not enjoy his general support for his forgiveness.
Sambankman Fried, who had previously been sent to FTX cryptocurrency scams for 25 years, is actively seeking pardoning of President Donald Trump. Various reports indicate that legal experts are consulting and emphasize attempts to relax …
-Mike Sylvester, CPA (@fortWaynecpa) January 31, 2025
FTX scandal deepens: Sambankman Fried's parents seek Trump's mercy to increase the despair of the victims.
SBF was born on March 6, 1992 in Stanford, California. He grew up with Barbara Fryide and Joseph Bankman's parents, Professor of Stanford Row School. His early education included Canada/USA Mathcamp, a mathematical talented student.
Later, he pursued higher education at Massachusetts Institute of Technology (MIT), and graduated from the Bachelor of Physics in 2014. His academic background has led him to his future foundation of finance and technology.
After MIT, SBF's career began with an internship at Jane Street Capital, a trading company that traded an international ETF. After graduating, he returned to Jane Street for a full -time job. In 2017, he left Jane Street and worked easily at an effective altruistic center. There, the philosophy of “effective interest” affected him and influenced the subsequent business decisions.
Sambankman Fried rise and fall
His father is a professor of Stanford. So is his mother.
MIT, I learned from a child's genius
Apparently, sometimes it's bad to be too smart
-Romano (@rnr_0) November 10, 2022
In November 2017, Bankman Fried established Alameda Research, a quantitative trading company that focuses on digital assets. By 2019, he launched the encryption FTX. FTX grew rapidly, became one of the largest encryption, and achieved $ 32 billion. His wealth has reached an estimated $ 26.5 billion, and has become one of the most wealthy individuals under the age of 30 in history.
His executives, including SBF and his parents, purchased a large number of real estate in Bahamas, exceeding a total of $ 121 million. This included Albanny $ 40 million penthouses.
After Coindesk Report emphasized economic problems between FTX and ALAMEDA RESEARCH, the SBF Empire began to collapse in November 2022. As a result, the withdrawal of customers has been revealed, and the lack of customer funds and potential misuses have been revealed.
FTX applied for bankruptcy, and SBF resigned to CEO. The survey revealed fraudulent claims, such as using customer money to provide funds to Arameda's research and using customer money for personal expenses.
Sam Bankman Fried was arrested in Bahamas on December 12, 2022 before testifying in front of Congress. Bahama authorities acted on the US demands to the United States for the trial.
(sauce)
Exploration: In Asia this week: The Minister of Finance Thai proposes a unified license for securities and cryptographic trading.
Protest for FTX victims: Angry, despair, request for justice
According to a report from information on Bloomberg, Joseph Bankman, and Barbarafled, he meets a lawyer or individual close to Trump's circle and discusses his son's tolerance. These meetings were held in the week of January 2025.
During the Sam Bankman-Fried ruling, the victim submitted many impact statements. The victim has expressed personal and economic destruction caused by the collapse of FTX. The idea of tolerance is depressing to those who detailed their losses and mental distress in these statements.
no way! Sam Bankman Fried's parents are in the lobby in search of President's pardon after hundreds of dollars deceiving billions of dollars.
Justice should not be sold. The collapse of the FTX destroyed trust, erased $ 800 million assets, and hurt countless people.
There is no special transaction for scammers. Let him serve him …
-Cryptohondo (@cryptohondo) January 31, 2025
Many victims feel that the request for tolerance from SBF's parents is mainly an S -disgusting for the FTX victims who have lost their savings. Victims require that they provide justice without any special consideration, taking into account the scale and impact of fraud.
Trump history, including famous cases such as Los Wolblicht, may open the way to SBF freedom. However, most of the encrypted communities are considered Ulbricht as a symbol of the government's rule and a symbol of individual privacy, free market, and decentralization. The Crypto community believes that Ulbricht is an excessive government.
Will Trump make free SBF free? “Fate goes so that you have to be destined.”
Related: Ross Ulbricht lost $ 12 million from Solana's MEV bot
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Just as parents call the president, the victims of FTX are desperate. First appeared in 99 Bitcoin.
