Sam Bankman-Fried breaks his silence from prison
He's gunning for a presidential pardon and claims he "never stole" funds from #FTX
In an exclusive phone interview with FOX Business, #SBF he admitted he "absolutely" wants a presidential pardon to get out of the slammer, although he dodged confirming if his family is actively lobbying the government to make it happen.
SBF insists his trial was a "huge injustice". His argument is that, thanks to the crypto market recovery, FTX clients are getting up to 170% of their deposits back, claiming the platform was "over-collateralized" and that users are nearly doubling their money.
Despite his grievances, the legal reality is heavy: in March 2024, he was sentenced to 25 years in prison for fraud and conspiracy after the evaporation of $8 billion from clients, $1.7 billion from investors, and $1.3 billion from Alameda Research lenders.
AI's lament: From his cell, Bankman-Fried confesses he suffers from FOMO (fear of missing out). He deeply regrets being locked up during the current AI boom, a sector he aimed to influence through his venture capital fund.
Praise for #ElonMusk : SBF lauded Musk's business genius, highlighting the "huge potential" of #SpaceX (the company FTX once invested in) and asserting that very few people in the world can scale companies like the tech mogul does.
#CryptoNews
$FTT
$SPCX
$BTC
He's gunning for a presidential pardon and claims he "never stole" funds from #FTX
In an exclusive phone interview with FOX Business, #SBF he admitted he "absolutely" wants a presidential pardon to get out of the slammer, although he dodged confirming if his family is actively lobbying the government to make it happen.
SBF insists his trial was a "huge injustice". His argument is that, thanks to the crypto market recovery, FTX clients are getting up to 170% of their deposits back, claiming the platform was "over-collateralized" and that users are nearly doubling their money.
Despite his grievances, the legal reality is heavy: in March 2024, he was sentenced to 25 years in prison for fraud and conspiracy after the evaporation of $8 billion from clients, $1.7 billion from investors, and $1.3 billion from Alameda Research lenders.
AI's lament: From his cell, Bankman-Fried confesses he suffers from FOMO (fear of missing out). He deeply regrets being locked up during the current AI boom, a sector he aimed to influence through his venture capital fund.
Praise for #ElonMusk : SBF lauded Musk's business genius, highlighting the "huge potential" of #SpaceX (the company FTX once invested in) and asserting that very few people in the world can scale companies like the tech mogul does.
#CryptoNews
$FTT
$SPCX
$BTC