Jailed and Jaded: SBF Blames Politics for His Downfall
The post Jailed and Jaded: SBF Blames Politics for His Downfall appeared on BitcoinEthereumNews.com.
Sam Bankman-Fried, currently serving a 25-year sentence for fraud, claims his prosecution was politically motivated, criticizing the judge, the DOJ, and Biden’s crypto policies while aligning himself with President Trump and the Republican party. Bankman-Fried Criticizes Judge and DOJ in Interview Sam Bankman-Fried, the convicted founder of collapsed crypto exchange FTX, has alleged that political bias played a role in his fraud trial. In an interview with The New York Sun from the Metropolitan Detention Center in Brooklyn, he expressed frustration with U.S. District Judge Lewis Kaplan, a Clinton-era appointee, who presided over his case. Bankman-Fried shared adversarial views similar to those of former President Donald Trump, who has also criticized the judge and claimed that Kaplan was politically motivated in his rulings. Allegations of Favoritism Toward Democrats Bankman-Fried further claimed that former FTX executives who cooperated with prosecutors received lenient treatment because they were Democrats. He argued that his prosecution was influenced by what he described as the “politicization” of the Department of Justice (DOJ) under President Joe Biden. Drawing parallels to Trump’s grievances with the DOJ, he alleged that his case was part of a broader pattern of prosecutorial abuse. Criticism of Biden’s Crypto Policies A major donor to Democratic campaigns in the past, Bankman-Fried has distanced himself from his former political stance. He criticized the Biden administration’s approach to cryptocurrency regulation, calling it “incredibly destructive” and asserting that Republicans had been more reasonable on the issue. He also stated that his previous financial backing of Biden’s 2020 campaign was driven by a desire to prevent the Democratic Party from shifting toward progressive politics under figures like Bernie Sanders. However, he now claims he no longer identifies with those views. Trump’s Potential Pardon and Legal Battle Amid Bankman-Fried’s claims of political bias, reports have surfaced that his parents…
Filed under: News - @ February 23, 2025 6:08 am