Reported about 9 hours ago
Sam Bankman-Fried, the founder of the now-defunct FTX cryptocurrency exchange, is appealing his conviction for fraud and conspiracy with hopes of receiving a presidential pardon under Donald Trump, known for his leniency towards white-collar criminals. As Bankman-Fried argues that he was not allowed a fair defense and claims the exchange was solvent at the time of its collapse, he faces immense challenges, including the historically low success rates of criminal appeals. Meanwhile, the crypto industry remains divided on whether he deserves clemency, reflecting on the implications of forgiving high-profile financial crimes.
Source: YAHOO