Key facts
- Sam Bankman-Fried has formally petitioned Donald Trump for a presidential pardon.
- Bankman-Fried is serving a 25-year sentence.
- Donald Trump has publicly stated he does not intend to grant clemency to Bankman-Fried.
Sam Bankman-Fried, the founder of the defunct cryptocurrency exchange FTX, has officially submitted a request for a presidential pardon to President Donald Trump. This action comes as Bankman-Fried is serving a 25-year sentence, having completed just over three years of his term. Despite the petition, Trump has previously indicated publicly that he does not plan to offer clemency to the former crypto mogul.