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President Trump Says No Pardon for SBF, Former FTX CEO Likely To Serve Full Sentence

President Trump has stated he will not pardon Sam Bankman-Fried (SBF), the former FTX CEO currently serving a 25-year prison sentence for fraud and conspiracy related to the 2022 collapse of the crypto exchange. This decision shuts down speculation about potential clemency and leaves SBF’s ongoing appeal as his only remaining legal recourse. Trump’s stance contrasts with his previous pardons of other crypto figures, such as Binance’s Changpeng Zhao and Silk Road’s Ross Ulbricht, as SBF’s conviction involved direct customer fund misuse rather than regulatory violations. With a pardon off the table, SBF is likely to serve his full sentence unless his conviction is overturned on appeal.

ccn.com01/09 11:20

President Trump Says No Pardon for SBF, Former FTX CEO Likely To Serve Full Sentence

ccn.com01/09 11:20

Trump Dismisses Pardon For FTX’s Sam Bankman-Fried Amid Lobbying Efforts

Speculation about a potential presidential pardon for Sam Bankman-Fried, the former FTX CEO convicted of fraud and conspiracy, has been dismissed by Donald Trump. Despite lobbying efforts by Bankman-Fried’s parents and comparisons to Trump’s recent pardon of Binance’s Changpeng Zhao, the former president rejected clemency. Bankman-Fried was sentenced to 25 years in prison and ordered to repay $11 billion to FTX customers after being found guilty in one of the largest financial fraud cases in modern history. His legal team continues to appeal, arguing he was denied a fair trial.

bitcoinist01/09 01:01

Trump Dismisses Pardon For FTX’s Sam Bankman-Fried Amid Lobbying Efforts

bitcoinist01/09 01:01

Samourai Co-Founder Writes From Prison After Surrender: ‘Confusing And Unnatural’

Keonne Rodriguez, co-founder of Bitcoin privacy tool Samourai Wallet, has written a letter from a US federal prison after beginning a five-year sentence. Dated Christmas Eve, the letter describes the intake process and his initial days behind bars as "confusing and unnatural" but manageable, noting respectful treatment from fellow inmates. Rodriguez was sentenced on November 19 for charges related to his role in a crypto mixing protocol. His case has sparked a significant legal and ethical debate over whether developers of privacy software can be held criminally liable for misuse by others. This mirrors concerns in the prosecution of Tornado Cash co-founder Roman Storm, raising questions about the legal treatment of open-source code. Supporters argue the case threatens free speech and software development, with a clemency petition gathering over 12,000 signatures. They claim no direct victims were harmed by his work. Prosecutors, however, contend that the tools were structured and promoted in ways that enabled illicit transactions. US President Donald Trump has acknowledged he will "take a look" at the case, keeping the possibility of a pardon in public discourse. The situation highlights the ongoing tension between neutral technology and its potential for criminal use, drawing attention from developers, legal experts, and privacy advocates.

bitcoinist12/27 05:08

Samourai Co-Founder Writes From Prison After Surrender: ‘Confusing And Unnatural’

bitcoinist12/27 05:08

SEC confirms years-long director bans for former Alameda, FTX executives

The U.S. Securities and Exchange Commission (SEC) has obtained final consent judgments against former Alameda Research CEO Caroline Ellison and former FTX executives Gary Wang and Nishad Singh. They are barred from holding company leadership roles for eight to 10 years due to their involvement in misusing FTX investor funds from 2019 to 2022. Ellison received a 10-year ban, while Wang and Singh each accepted eight-year bans. All three are also subject to five-year conduct-based injunctions. The SEC alleged that, with Ellison's knowledge, FTX co-founder Sam Bankman-Fried and the other executives exempted Alameda from risk measures and provided it with an unlimited line of credit using FTX customer funds. Ellison, who testified against Bankman-Fried, was sentenced to two years in prison and is scheduled for early release on February 20. Wang and Singh also cooperated with authorities and received time-served sentences. Bankman-Fried was sentenced to 25 years for his central role in the exchange’s collapse.

cointelegraph12/19 21:31

SEC confirms years-long director bans for former Alameda, FTX executives

cointelegraph12/19 21:31

Federal Prison No More: FTX’s Caroline Ellison Now In Community Confinement

Caroline Ellison, former CEO of Alameda Research and a key witness in the FTX case, was transferred from federal prison to community confinement on October 16, 2025, after serving approximately 11 months of a two-year sentence. Her early release is projected for February 20, 2026. The Bureau of Prisons moved her to either home confinement or a halfway house but did not disclose specific details. Ellison pleaded guilty in 2022 to charges related to FTX's $11 billion collapse and cooperated as a central witness against founder Sam Bankman-Fried, who received a 25-year sentence. The transfer follows standard procedures and has drawn renewed attention to sentencing outcomes for cooperating defendants.

bitcoinist12/18 13:23

Federal Prison No More: FTX’s Caroline Ellison Now In Community Confinement

bitcoinist12/18 13:23

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