• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Some Fortune Crypto pricing data is provided by Binance.
CryptoSam Bankman-Fried

Sam Bankman-Fried is waging a social media campaign for a pardon—but President Trump will not give him one, says the White House

By
Leo Schwartz
Leo Schwartz
Former Senior Writer
Down Arrow Button Icon
By
Leo Schwartz
Leo Schwartz
Former Senior Writer
Down Arrow Button Icon
February 24, 2026, 11:15 AM ET
Photo of Sam Bankman-Fried
Convicted FTX founder Sam Bankman-Fried is waging a fruitless campaign for a presidential pardon. Michael M. Santiago—Getty Images

Convicted crypto fraudster Sam Bankman-Fried used to be a prolific donor to the Democratic Party, but these days his public statements have taken on a decidedly MAGA tone. “Clinton-appointed Judge Lewis Kaplan made his political bias very clear when sentencing me,” reads a recent screed on X. “I admire @realDonaldTrump for standing up to this ‘partisan and out of control activist’!”

Recommended Video

This is just one of dozens of tweets railing about the deep state and other MAGA villains that Bankman-Fried, one of the century’s most notorious financial criminals, has published in recent weeks despite being locked up for 25 years in federal prison.

Though Bankman-Fried has not stated so explicitly, the goal of his social media spree is clear: persuade President Donald Trump to spring him from prison. The strategy makes sense given that Trump has been dispensing pardons to several high-profile figures convicted of financial crimes, including Binance founder and onetime Bankman-Fried archrival, Changpeng Zhao.

Alas for Bankman-Fried, his petitions to Trump for mercy appear to be in vain. In response to a request for comment about the recent social media campaign, a White House spokesperson reiterated to Fortune that Trump has no intention of pardoning Bankman-Fried. 

In an email, the spokesperson referred Fortune to comments by Trump in January, where the president stated that he did not plan to pardon Bankman-Fried, along with a number of other prominent inmates including former New Jersey senator Robert Menendez and ousted Venezuelan president Nicolás Maduro. “The President is the ultimate decider on all pardons,” the spokesperson wrote. 

An attorney for Bankman-Fried did not respond to a request for comment. 

Unsuccessful bid

Bankman-Fried was a longtime supporter of progressive causes and is the son of two Stanford law professors who carried considerable influence in the upper echelons of the Democratic Party. But as his fraudulent crypto empire crumbled in November 2022, the crypto founder plotted a rightward shift. In a personal document released as part of the trial, Bankman-Fried wrote that he planned to go on conservative TV host Tucker Carlson’s program and “come out as a Republican.” 

On the surface, the tactic seems plausible, especially in today’s political environment. Trump entered office in January 2025 pledging to roll back the Biden administration’s crackdown on crypto. Under Trump, regulatory agencies have dismissed key cases against blockchain companies, and the Justice Department has undergone a reorganization of its approach to crypto enforcement. 

Still, Bankman-Fried’s reputation as one of the top Biden donors has limited his appeal to the Trump administration. That, combined with Bankman-Fried’s still villainous status in the crypto industry, has always made his campaign for a pardon a long shot, according to D.C. insiders. That’s even with an unsanctioned appearance on Tucker Carlson last year, which reportedly landed Bankman-Fried in solitary confinement. 

The tough odds haven’t curbed Bankman-Fried’s perseverance, as he is also fighting his conviction in federal appeals court. His X feed is filled with posts, which have been amplified by what critics describe as “sock-puppet” accounts, touting his new conservative bona fides. (In his bio, Bankman-Fried clarifies that he tells a proxy what to write through Bureau of Prisons–approved phone calls and emails.) 

“Dems like censoring ‘misinfo’ on social media,” reads one recent post, before praising Trump’s own platform. “Truth Social & GETTR have always put free speech first.” 

FORTUNE CRYPTO 100: Fortune's new annual list will recognize companies driving meaningful progress in digital assets—from infrastructure and investment to applications and adoption. Is your organization is shaping the future of blockchain? Submit your nomination today.
About the Author
By Leo SchwartzFormer Senior Writer
LinkedIn iconTwitter icon

Leo Schwartz is a former Fortune senior writer. He covered fintech, crypto, venture capital, and financial regulation.

See full bioRight Arrow Button Icon

Latest in Crypto

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Lists Calendar
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Lists Calendar
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Crypto

Polymarket CEO Shayne Coplan shakes someone's hand at the opening of Polymarket's temporary free grocery store in Manhattan
CryptoPolymarket
Investors are valuing Polymarket $7 billion less than archrival Kalshi—and crypto could be one reason why
By Jack KubinecApril 21, 2026
1 day ago
Stripe president and co-founder John Collison speaks during an interview
CryptoCryptocurrency
Stripe and Paradigm-backed blockchain Tempo launches advisory unit to promote stablecoin adoption
By Jack KubinecApril 21, 2026
1 day ago
The crypto industry and prediction markets share a mission of disruption—but it’s not clear where crypto fits in
NewslettersFortune Crypto
The crypto industry and prediction markets share a mission of disruption—but it’s not clear where crypto fits in
By Jeff John RobertsApril 20, 2026
2 days ago
Tether CEO Paolo Ardoino
CryptoCryptocurrency
Tether extends $127.5 million in funding to crypto platform Drift as critics blast rival Circle for failing to freeze hacked funds
By Jack KubinecApril 17, 2026
5 days ago
Exclusive: Senator presses DOJ and Treasury over status of Binance monitors after $1.7 billion in Iran-linked crypto flows
CryptoIran
Exclusive: Senator presses DOJ and Treasury over status of Binance monitors after $1.7 billion in Iran-linked crypto flows
By Ben WeissApril 17, 2026
5 days ago
An image of Joe McCann
CryptoCryptocurrency
Meet Joe McCann: the high-flying crypto trader held in Tanzania after sudden death of his influencer fiancée Ashly Robinson
By Jack KubinecApril 16, 2026
6 days ago

Most Popular

The tables have turned: Florida and Texas are the biggest losers in the housing market as Ohio emerges a surprise winner
Real Estate
The tables have turned: Florida and Texas are the biggest losers in the housing market as Ohio emerges a surprise winner
By Sydney LakeApril 21, 2026
1 day ago
'Something sinister could be happening': FBI looks into dead or missing nuclear and space defense scientists tied to NASA, Blue Origin, and SpaceX
Politics
'Something sinister could be happening': FBI looks into dead or missing nuclear and space defense scientists tied to NASA, Blue Origin, and SpaceX
By Catherina GioinoApril 21, 2026
1 day ago
‘Something sinister’: What we know about the FBI probe into dead and missing scientists linked to space and military industries
Economy
‘Something sinister’: What we know about the FBI probe into dead and missing scientists linked to space and military industries
By Jim EdwardsApril 22, 2026
12 hours ago
John Ternus, the man stepping into Tim Cook and Steve Jobs' shoes, is a 25-year Apple veteran with zero LinkedIn posts
C-Suite
John Ternus, the man stepping into Tim Cook and Steve Jobs' shoes, is a 25-year Apple veteran with zero LinkedIn posts
By Kelvin Chan and The Associated PressApril 21, 2026
1 day ago
$166 billion in tariff refunds just became available, but small businesses may already be at a disadvantage
Law
$166 billion in tariff refunds just became available, but small businesses may already be at a disadvantage
By Sasha RogelbergApril 20, 2026
2 days ago
Jeff Bezos once gave Eva Longoria and the admiral behind Osama bin Laden's capture $100 million—but she says you don't need wealth to give back
Success
Jeff Bezos once gave Eva Longoria and the admiral behind Osama bin Laden's capture $100 million—but she says you don't need wealth to give back
By Orianna Rosa RoyleApril 21, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.