Before passing the torch to Donald Trump, Joe Biden could pardon several controversial figures, including Sam Bankman-Fried, aka SBF. A former fallen crypto king, he left a gaping multi-billion hole with the collapse of FTX. But he was also one of the main donors to the Democratic presidential campaign. The crypto industry is holding its breath as online betting runs wild on Polymarket: will Biden grant final clemency?
Polymarket and betting on the fallen crypto king
On Polymarket, the 2.0 crypto casino, we are talking again about Sam Bankman-Fried, former CEO of FTX. Oddsmakers give Biden a chance in 25 of pardoning SBFand a one in 50 chance for Ross Ulbricht, founder of the Silk Road. It seems that algorithms have a weakness for disgraced millionaires.
Key figures:
- 5 million dollars bet on a presidential pardon for SBF;
- $1.2 million for Ulbricht;
- 4% hope for SBF compared to only 2% for Ulbricht.
Sam Bankman-Fried currently serving a sentence of 25 years for a series of frauds linked to FTX. Despite his appeals, the ax remains suspended.
“ SBF is not just a crook, he is also a political patron », recall the tweeters.
Altcoin Daily's virulent tweet highlights its role as second largest donor to Biden in 2020with 5.2 million dollars. So, will justice prevail over political gratitude?
Trump: crypto as a tool of redemption
As for Donald Trump, he plays the crypto savior. The populist icon promised to commute Ross Ulbricht's sentencesentenced to life imprisonment for his role in the darknet black market. Paradox: Trump never ventured to pardon Ulbricht during his first term, but the situation could change.
That's not all: Trump would also have thought about pardon Edward Snowden. But the name of SBF remains absent from discussions among those around him. Should we see this as a lack of interest in the former boss of the crypto exchange FTX (issuer of the FTT token) or a calculated strategy?
The crypto community hopes that these symbolic gestures will mark a new era of clemency towards its emblematic figures.
Donald Trump, a fan of brilliant coups, could save Ross Ulbricht upon his return to power, without waiting for Joe Biden to decide.
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