Presidential Pardon

Sam Bankman-Fried, convicted founder of FTX, has formally petitioned former President Donald Trump for a pardon. The request, filed for consideration after his sentence completion, is documented on the U.S. Department of Justice’s Pardon Attorney website. Bankman-Fried is serving a 25-year sentence for defrauding FTX customers of billions. Trump previously stated he had no intention of pardoning Bankman-Fried. The White House and Justice Department have declined to comment.

Binance founder Changpeng “CZ” Zhao denies any business ties with the Trump family, despite scrutiny following Donald Trump’s presidential pardon. Zhao clarified that an investment from Abu Dhabi’s MGX into Binance, settled with World Liberty Financial’s stablecoin USD1, was not a direct relationship with the Trumps. He stated MGX chose the payment method and Binance has since moved the funds out of USD1. Zhao also denied knowledge of any lobbying efforts for the pardon.