The parents of the shy FTX founder Sam Bankman-Fry wants Donald Trump to forgive their son
Parents of confined crypto fraud Sam Bankman-fried have been explored how to secure a President’s forgiveness from President Donald Trump for their son, according to A Bloomberg report.
Joseph Bankman and Barbara Fried, both professors at Stanford Law School and part of FTX’s inner circle, have been reported in contact with individuals connected to Trump’s inner circle, according to the report.
In recent weeks SBF parents have tried to engage in the Trump administration to discuss potential informedity for their 32-year-old son, given a 25-year prison prison after being convicted of fraud. Details of whether the direct communications to the White House occurred remains unclear, per Bloomberg.
The appeal for a forgiveness depends on Trump’s recent history of using his clemency powers to independently support individuals who are widely supported, such as Silk Road founder Ross Ulbricht. Unlike Ulbricht, however, Bankman-Fried has no extensive public support, even though he focuses his sentence very cruel, especially since most FTX customers have recovered their financial losses .
Bankman-Fried FTX, formerly the third largest crypto exchange in the world, busts in November 2022 after a CoinDesk scoop announced that the brother of the platform, Alameda Research, was in Shaky Financial Footing.
It was later found that Alameda used the backdoor code to attack billions of customer funds from FTX-an arrangement assisted by Bankman-Fried and other members of Alameda’s founding.
The former Crypto Titan has since been punished for 25 years in prison and has been ordered to lose $ 11 billion after being convicted of seven counts of fraud, conspiracy, and money losses.
