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Crypto Bad Boy Sam Bankman-Fried's Wild Plea: A Trump Card Up His Sleeve?

MIT Bitcoin Expo 2022 - Sam Bankman

Just when you thought the crypto world couldn’t get more dramatic, Sam Bankman-Fried (aka SBF) is pulling out all the stops to escape his 25-year prison sentence.

The once-celebrated tech wunderkind, who managed to lose billions in customer funds faster than you can say “blockchain,” is now desperately trying to appeal his conviction. His legal team is arguing that he was “presumed guilty” before even being charged, which sounds like the classic “but I’m rich and connected” defense we’ve come to expect.

The Pardon Plot Thickens

In a move that screams “I’ll try anything,” SBF’s wealthy Stanford professor parents are reportedly exploring the possibility of securing a presidential pardon from Donald Trump. Because nothing says “financial redemption” like hoping a former president with his own… complicated legal history will swoop in and save the day.

A Crypto Cautionary Tale

Let’s rewind: SBF essentially turned FTX into his personal piggy bank, “disappearing” around $10 billion in customer funds. His ex-partner Caroline Ellison’s testimony painted a damning picture of intentional fraud, revealing how they created “alternative balance sheets” to hide their financial shenanigans.

The Long Shot

While SBF is also trying to reverse the $11 billion restitution order, legal experts are skeptical. His strategy seems to be throwing everything at the wall and seeing what sticks - including a potential pivot to conservative media talking points and a Tucker Carlson interview from jail.

Stay tuned, because in the wild world of crypto, nothing is ever truly over until the last blockchain crumbles.

AUTHOR: mei

SOURCE: SFist

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