Key dealers
- FTT rose 43% due to a false report as Sam Bankeeper was given a Trump-constitution.
- Experts believe that Bankman-Fried’s odds for a presidential election are low despite ongoing lobbying.
FTX’s native token, FTT, increased about 43% to $ 1.3 on Saturday after false reports that Sam Bankeeper received a pardon from President Donald Trump.
No evidence of a pardon for Bankeeper appears on the Ministry of Justice Website by clemency contributions from President Trump.
Several crypto industry figures have previously received presidential pardons, including Bitmex founder Arthur Hayes, Benjamin Delo and Samuel Reed, as well as Silk Road Creator Ross Ulbricht.
Bankeeper actively pursues a presidential offense from Trump, with the support of his parents Joseph Banker and Barbara Fried and other allies, as he faces a 25-year prison after his fraud assessment related to FTX’s collapse.
Binance founder Changpeng “CZ” Zhao mentioned In a new interview his team had applied for a pardon from President Trump.
Experts see Bankman-Fried’s chances of getting a pardon that was low, with reference to Trump’s transactional strategy for Clemency and Bankman-Fried’s previous democratic connections as potential obstacles.
