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The fallen crypto mogul serving a 25-year sentence filed a clemency petition, betting on Donald Trump's history of crypto pardons even though the president had told him not to count on one.
The former crypto executive, known by his initials SBF, was convicted in 2023 for orchestrating the fraud and conspiracy scheme that ultimately undid FTX, once one of the world's largest cryptocurrency exchanges.
The company collapsed in November 2022 after CoinDesk reported on balance sheet concerns tied to affiliated trading firm Alameda Research, exposing an $8 billion hole in FTX's accounts and triggering a run on customer deposits.
Bankman-Fried confirmed his interest in clemency during a recent interview with FOX Business.
"I assume that you would want a pardon from the White House?" FOX Business correspondent Susan Li asked him by phone. "Absolutely," Bankman-Fried responded. "It would be obviously, you know, ultimately up to the president, not up to me."
He declined to say whether members of his family were lobbying the administration on his behalf. SBF’s parents, Stanford Law School professors Joseph Bankman and Barbara Fried, have previously reached out to individuals in Trump's orbit to explore a possible presidential pardon for their son. It's not clear whether any direct discussions with White House officials took place.
The pardon request follows months of public statements from Bankman-Fried that have aligned with Trump's positions. Writing through intermediaries using prison-approved communications, he has praised the president's decision to launch strikes against Iran, argued that Trump helped "save" the Securities and Exchange Commission by replacing former Chair Gary Gensler with Paul Atkins and highlighted lower gasoline prices during Trump's tenure.
He also appears to be following a playbook he wrote to try and ingratiate himself with Republicans after being seen as a Democratic mega-donor during the 2020 election. This playbook included items like appearing on Tucker Carlson's show, something he did last year.
The outreach has drawn attention because Trump has shown a willingness to pardon high-profile defendants, including several figures tied to the crypto industry. Since returning to office, Trump has pardoned Silk Road founder Ross Ulbricht, former Binance CEO Changpeng "CZ" Zhao and the co-founders of BitMEX.
Still, Trump's support is far from assured. In a January interview with The New York Times, the president said Bankman-Fried should not count on receiving clemency, grouping him with several other high-profile defendants he did not intend to pardon.
For now, Bankman-Fried remains incarcerated while his appeal efforts and clemency petition move through separate channels.
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Russia has renewed its strikes on Ukraine, killing three people including an eight-year-old girl, Ukrainian officials said.
The Russian strikes on Friday come a day after Ukraine launched its biggest-ever drone attack on Moscow, killing a different eight-year-old girl and sparking an inferno at a major oil refinery, according to Russian officials
Between late Thursday and early Friday, Russia launched 90 drones at Ukraine, according to the Ukrainian air force.
An eight-year-old girl was killed. Another person was wounded. These are the consequences of this morning’s enemy attack on Pavlohrad,” Oleksandr Ganzha, the governor of Ukraine’s central Dnipropetrovsk region, said.
Separate Russian attacks on Ukraine’s southern Odesa region killed one person, while strikes on the eastern city of Kramatorsk killed one other, according to authorities
Russian drone attacks late on Thursday killed one person and wounded five others on civilian ships in the Black Sea, Ukraine said
Both sides have escalated attacks on each other in recent weeks, as United States-led talks on ending the more than four-year conflict remain effectively frozen
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The New York Knicks, fuelled by a sensational 45 points from Jalen Brunson, rallied again to beat the San Antonio Spurs 94-90 and win their first NBA title in 53 years on Saturday.
The Knicks won the best-of-seven championship series 4-1, denying Victor Wembanyama and his young Spurs teammates on their home floor to lift the trophy for the first time since 1973.
The Knicks, who recovered from 29 points down in game four to produce the biggest comeback in Finals history, erased a double-digit deficit to win for the fourth time in the series.
The Knicks trailed by 16 in the second quarter and were down by 10 early in the fourth, but Brunson wouldn’t let them lose.
“I’ve got no words,” Brunson said after setting a Knicks record for points in a Finals game, surpassing Willis Reed’s 38 in game three of the team’s 1970 triumph over the Los Angeles Lakers.
With their backs against the wall, the Spurs were locked in defensively from the opening tip-off.
Wembanyama set the tone, blocking three shots in the first quarter as the Spurs powered to a 23-13 lead, holding the Knicks to their fewest points in any quarter this postseason.
Wembanyama tied a Finals record with five blocks in the first half and drilled a three-pointer that pushed the Spurs’ lead to 16 early in the second period
But the Knicks were heating up, cutting the deficit to three before Devin Vassell’s fadeaway basket at the buzzer sent the Spurs into the interval with a 42-37 lead
San Antonio quickly rebuilt a double-digit lead, but Brunson and the gritty Knicks wouldn’t let them get away
“We weren’t ready to win an NBA championship,” Spurs coach Mitch Johnson said. “The better team won.
We did a lot of good things, and we didn’t finish the job. That’s what it is
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United States President Donald Trump has pledged there will be no tolls for passage through the Strait of Hormuz, unless they are collected by his own country.
Trump’s statement, made in a Saturday afternoon post on Truth Social, is the latest sign that a recently signed memorandum of understanding (MOU) may be unravelling.
There will be NO TOLLS in the Hormuz Strait for 60 days during the Cease Fire Period, and there will be NO TOLLS after the 60 day period has expired,” Trump wrote, “unless they are imposed by and for the United States of America.”
Since the US and Israel launched a war against Iran on February 28, Iran has successfully used the Strait of Hormuz as a pressure point, closing the strategic waterway to traffic.
But under the terms of Wednesday’s ceasefire memorandum, the strait is supposed to reopen for an interim period of 60 days. During that time, Iran is barred from charging vessels for passage.
Iranian officials have also said that any upcoming talks should focus on proper implementation of the initial memorandum, and that the 60-day negotiating period stipulated in Wednesday’s deal would begin after that was settled.
Pakistan, a top mediator between the US and Iran, has said that follow-up talks are set to begin in Switzerland on Sunday
Switzerland’s Federal Department of Foreign Affairs has confirmed that an Iranian delegation, led by parliamentary Speaker Mohammad Bagher Ghalibaf and Foreign Minister Abbas Araghchi, has already arrived for the negotiations.
On the US side, Trump’s son-in-law Jared Kushner, special envoy Steve Witkoff and Vice President JD Vance are expected to attend
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