The man once hailed as the saviour of crypto is now pleading with the president for his freedom from a federal prison cell.
Sam Bankman-Fried, co-founder of the collapsed cryptocurrency exchange FTX, has formally applied for a presidential pardon, more than two years after his conviction tied to the multi-billion-dollar collapse of the crypto exchange. His bid for clemency arrives at a remarkable juncture: the same political system he spent tens of millions of dollars attempting to influence is now his last real avenue out of prison. The boldness of the approach is matched only by the scale of the fraud that put him there.
