Prior to the collapse of FTX, Sam Bankman-Fried was a major political donor, contributing the second-most of any individual to Joe Biden's 2020 presidential campaign.
Forbes estimates Sam Bankman-Fried's net worth is $0 following the collapse of FTX, down from a peak valuation of $26.5 billion.
Trump pardon application
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President Donald Trump stated in January 2026 that he has no intention of granting a presidential pardon to Sam Bankman-Fried.
Sam Bankman-Fried formally applied for a presidential pardon from President Donald Trump through the Justice Department in June 2026.
FTX collapse details
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Federal prosecutors accused Sam Bankman-Fried of stealing over $8 billion of FTX customer funds to expand his personal power and influence.
Cryptocurrency exchange FTX collapsed in November 2022 after reports revealed that Alameda Research held a significant number of FTX tokens on its balance sheet.
Fraud conviction sentencing
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Sam Bankman-Fried's X account posted stock market commentary on June 30, 2026, via a prison-approved proxy because Bankman-Fried lacks direct internet access.
Sam Bankman-Fried was sentenced to 25 years in prison in 2024 after being found guilty on seven criminal counts, including wire fraud and money laundering.
Trial fairness claims
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The federal appeals court ruled that Judge Lewis A. Kaplan acted within his discretion by limiting Sam Bankman-Fried's testimony to avoid confusing the jury.
The federal appeals court rejected Sam Bankman-Fried's claims that federal judge Lewis A. Kaplan was biased and that the trial was fundamentally unfair.
Appeal rejection upheld
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A three-judge panel in a Manhattan federal appeals court upheld Sam Bankman-Fried's fraud conviction and 25-year prison sentence in June 2026.
Sam Bankman-Fried may still attempt to appeal the fraud conviction to the full panel of the appeals court or to the Supreme Court.
The Manhattan federal appeals court ruled in June 2026 that Sam Bankman-Fried was the main driver of one of the largest frauds on record.