Former FTX CEO Sam Bankman-Fried officially files for a presidential pardon from Trump

Sam Bankman-Fried has filed a formal request for a pardon after serving his sentence, despite Trump saying he has no plans to grant clemency.

BusinessJune 8, 2026, 10:45AM EDT
Former FTX CEO Sam Bankman-Fried officially files for a presidential pardon from Trump

Quick Take

  • When asked for a comment about Bankman-Fried’s renewed effort, a White House spokesperson pointed The Block to previous comments Trump made in January in his interview with The New York Times, where he said he had no plans to do so.
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Former FTX CEO Sam Bankman-Fried is pressing ahead with his bid for a presidential pardon, even after President Donald Trump said he has no plans to grant clemency.

The former exec, 34, officially filed for a "pardon after completion of sentence," according to the U.S. Department of Justice's Office of the Pardon Attorney website.

Bankman-Fried was convicted in 2023 during the Biden administration on multiple fraud and conspiracy charges for stealing billions of customers' funds from his now-bankrupt crypto exchange, FTX. He is currently serving a 25-year prison sentence and is in the process of trying to appeal the conviction.

Over the past year, Bankman-Fried has been active on his X account, praising some of Trump's actions, including the pardon of ex-Honduran President Juan Orlando Hernández. Bankman-Fried's wooing does not seem to be having an effect on Trump.

In January, Trump told The New York Times in a wide-ranging interview that he has no plans to pardon Bankman-Fried. On Monday, when asked for a comment about Bankman-Fried's renewed effort, a White House spokesperson pointed The Block to previous comments Trump made in January in his interview with the Times.

Bankman-Fried is now at a low-security federal correctional facility in Santa Barbara, California, according to the Bureau of Prisons website.