Disgraced FTX Founder Sam Bankman-Fried Seeks Presidential Pardon

—Sam Bankman-Fried, the convicted founder of collapsed cryptocurrency exchange FTX, has launched a formal effort to obtain a presidential pardon from Donald Trump. Bankman-Fried was sentenced to 25 years in prison after being convicted of fraud and conspiracy charges related to the collapse of FTX, which cost customers billions of dollars. His pardon bid is among several high-profile clemency requests that have reached the Trump White House from convicted financial criminals. Legal experts say the likelihood of success depends heavily on political lobbying and any financial or political considerations Bankman-Fried's allies can offer.