Shocking news! Biden is going to let SBF, the big boss of FTX, go? Musk's words directly exploded the cryptocurrency circle!

Just when everyone thought that there was no big movement in the cryptocurrency circle, a piece of news exploded like a bomb: US President Biden is actually considering letting SBF, the founder of FTX who turned the cryptocurrency market upside down? Is this true? Or is it just a rumor? What's more, billionaire Musk also joined in the fun on Twitter, saying: "I would be surprised if this doesn't work out." As soon as this was said, the FTT token immediately soared by more than 20%, as if everyone was cheering for this possible "big reversal". But not long after, the increase slowly slowed down, leaving a lot of people confused.

What is this all about? Is President Biden going to give this "big boss" who stirs up the market a "big pardon" when he is about to step down? You know, Biden has been rumored to pardon people recently, and even Trump's critics have been guessed. As a big donor to the Democratic Party, can SBF really get a "get out of jail free card" in this political game?

If Biden really lets SBF go, is this a rescue? Or is it ignoring the rules? Can those investors who lost a lot of money in the FTX explosion get justice?

Look at the price of FTT again, it is simply cheering for this storm. Bitcoin is soft, but FTT has become the cryptocurrency with the largest increase. Is everyone hyping it up behind this? Or are they all betting that Biden will pardon SBF?

But let's not blindly follow the trend. Technical analysis says that if the price of FTT stands at $3.08, it may continue to rush to $3.50. But if it falls below $2.85, it may fall back to $2.60. These prices are very important for judging how FTT will go next!

So as an investor, do you believe the rumors of Biden's pardon, or stick to your investment philosophy? In this market, every decision may affect your future!

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🚀 Elon Musk: I would be "shocked" if Biden does not pardon SBF

In November 2023, Sam Bankman-Fried (SBF) was sentenced to 25 years in prison for seven charges including fraud and embezzlement. However, due to his close ties with politicians, rumors about a possible pardon for him continue to circulate.

As one of the largest donors to the Democratic Party, SBF has close relationships with key political figures, particularly Biden, which leads many to question whether his political influence can play a role in securing a pardon. Musk stated on X that he would be "shocked" if U.S. President Joe Biden does not grant a pardon to the infamous SBF.

This statement aligns with the trending probabilities on prediction platforms regarding a potential pardon. After the news broke, the prediction probability of SBF being pardoned on the PolyMarket platform surged from 4% to 13%, currently stabilizing at 8%, indicating that people increasingly believe SBF's connections with political elites may influence his fate.

At his peak, SBF was hailed as a leading figure in the cryptocurrency industry, having founded FTX in 2019 and quickly turning it into one of the largest exchanges in the world. He established a public image as a tech innovator and committed to social causes, gaining widespread recognition outside the cryptocurrency sphere.

In the 2020 election, SBF donated over $5 million to Biden and the Democratic Party. However, the collapse of FTX exposed an $8 billion hole in customer funds, shaking the financial world. Despite SBF's conviction, there are still speculations that a presidential pardon could help the Biden administration escape this scandal.

Meanwhile, the probability of Biden pardoning Silk Road founder Ross Ulbricht is currently at 10%. Trump had promised to pardon Ulbricht if elected president; Ulbricht was sentenced to life in prison in 2015 for multiple charges including drug trafficking and money laundering.

Some liberals and cryptocurrency advocates view Ulbricht as a symbol of free trade and express dissatisfaction with his harsh sentencing. In contrast, opponents link Silk Road to drug-related deaths and accuse Ulbricht of orchestrating murders to maintain his trading platform.

💬 Do you think SBF will be pardoned? What will happen to Ulbricht? What are your thoughts on the influence of financial tycoons in politics?

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