{"id":655,"date":"2026-06-13T04:21:14","date_gmt":"2026-06-13T04:21:14","guid":{"rendered":"https:\/\/coasttocoastmoverss.com\/?p=655"},"modified":"2026-06-13T04:21:14","modified_gmt":"2026-06-13T04:21:14","slug":"disgraced-ftx-founder-sam-bankman-fried-loses-appeal-of-25-year-sentence","status":"publish","type":"post","link":"https:\/\/coasttocoastmoverss.com\/?p=655","title":{"rendered":"Disgraced FTX Founder Sam Bankman-Fried Loses Appeal Of 25-Year Sentence"},"content":{"rendered":"
\n

surprising fact<\/h2>\n

Bankman-Fried applied for a pardon<\/u> from President Donald Trump earlier this week. Online records of the Justice Department\u2019s Office of the Pardon Attorney show that Bankman-Fried\u2019s request for a \u201cpardon after completion of sentence\u201d is \u201cpending.\u201d In an interview with Fox Business<\/u> from his prison cell earlier this week, Bankman-Fried said he \u201cabsolutely\u201d wants a pardon, though he acknowledged it is \u201cultimately up to the president, not up to me.\u201d Though Trump has pardoned multiple white-collar criminals in his second term, including online black market Silk Road founder Ross Ulbricht and Binance founder Changpeng Zhao, he said<\/u> in January he has no intention of pardoning Bankman-Fried. <\/p>\n

Read more Painter David Hockney Dead At 88: See His Most Expensive Works\u2014And How Much They Sold For<\/a><\/p>\n

forbes valuation<\/h2>\n

Bankman-Fried\u2019s net worth is $0 following the collapse of FTX and his criminal convictions, according to Forbes estimates, but he was once worth<\/u> as much as $26.5 billion before his company came crashing down. <\/p>\n

key background<\/h2>\n

Bankman-Fried, once described<\/u> by Forbes as the \u201cmulti-billionaire poster boy of crypto,\u201d founded FTX in 2019 and became one of the richest people in the burgeoning cryptocurrency industry. At the height of his wealth, Bankman-Fried secured a Super Bowl<\/u> ad for FTX that starred comedian Larry David, acquired the rights to rename the home of the Miami Heat to FTX Arena (which was removed following the company\u2019s bankruptcy) and became a major political donor to Democratic candidates and causes, contributing the second-most<\/u> of any individual to former President Joe Biden\u2019s 2020 bid. But in November 2022, the company collapsed in a matter of days as a CoinDesk<\/u> report found Alameda Research, a crypto company with close ties to FTX, had a significant number of FTX tokens on its balance sheet, while Forbes<\/u> reported FTX and Alameda had been losing billions between 2021 and 2022. Investors pulled funds from FTX, including Binance, which backed out of a deal to buy FTX. Prosecutors<\/u> later accused Bankman-Fried of \u201cstealing over $8 billion of his customers\u2019 money\u201d and using those funds to \u201cexpand his own power and influence.\u201d<\/p>\n

Read more Justice Department Greenlights Paramount-Warner Bros Merger With No Conditions<\/a><\/p>\n

<\/div>\n

further reading<\/h2>\n

Sam Bankman-Fried\u2014Serving 25 Years For Fraud\u2014Formally Applies For Trump Pardon<\/u> (Forbes)<\/p>\n

Read more Judge Keeps Blocking Trump\u2019s $1.8 Billion Fund\u2014Until DOJ Can Prove It\u2019s Dead<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

An appeals court rejected former billionaire and FTX founder Sam Bankman-Fried\u2019s claim that his trial was unfair.<\/p>\n","protected":false},"author":1,"featured_media":654,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\nDisgraced FTX Founder Sam Bankman-Fried Loses Appeal Of 25-Year Sentence - Coast to Coast Movers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coasttocoastmoverss.com\/?p=655\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Disgraced FTX Founder Sam Bankman-Fried Loses Appeal Of 25-Year Sentence - Coast to Coast Movers\" \/>\n<meta property=\"og:description\" content=\"An appeals court rejected former billionaire and FTX founder Sam Bankman-Fried\u2019s claim that his trial was unfair.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coasttocoastmoverss.com\/?p=655\" \/>\n<meta property=\"og:site_name\" content=\"Coast to Coast Movers\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-13T04:21:14+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=655#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=655\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/#\\\/schema\\\/person\\\/266a8d2ebdac9f8b4354d52dead7fa6b\"},\"headline\":\"Disgraced FTX Founder Sam Bankman-Fried Loses Appeal Of 25-Year Sentence\",\"datePublished\":\"2026-06-13T04:21:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=655\"},\"wordCount\":396,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=655#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/660ed0a1ecffd8337c686f2356cf46bb.webp\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=655#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=655\",\"url\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=655\",\"name\":\"Disgraced FTX Founder Sam Bankman-Fried Loses Appeal Of 25-Year Sentence - 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