During an interview with The New York Sun Sam Bankman Fried who is a convicted FTX founder stated his prosecution showed political bias. The interview took place soon after FTX started to make payments towards its 2022 customer loss.
Liquidity Crisis Defense
In his 25 year fraud sentence Sam Bankman Fried maintains that FTX remained solvent throughout its existence. The exchange maintained a positive worth of $10 billion together with $20 billion in equity according to Bankman Fried before its failure occurred.
Legal Handling Criticism
Bankman-Fried accused the Sullivan & Cromwell law firm of poor FTX restructuring management. Stating they “spent the next two years sort of twiddling its thumbs and pretending there is no money left.”
Political Shift Revealed
The former Biden campaign fundraiser Bankman-Fried admitted his disappointment with crypto policies. Highlighting that the Biden administration caused him to shift his support toward Republican candidates in secret.
Trump Comparison and Clemency Signals
During his interview Bankman Fried compared his situation to President Trump’s legal problems while mentioning the adversary role of Judge Lewis Kaplan in both cases. The reports indicate that his parents are actively pursuing a presidential pardon at a time when Bankman Fried shows public support for Donald Trump.
Bankman-Fried Maintains Innocence
The repayment initiative from FTX seems to have coincided with Bankman Fried’s interview for the purpose of making a case for clemency after the predicted Trump administration takes office although he remains unapologetic about his role in what became the biggest financial fraud case in US history.
