🚀 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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