FTT, FTX’s native token, soared 43% to 1.3 USD due to unfounded claims about a presidential pardon for Sam Bankman-Fried. The Justice Department’s records show no evidence of such a pardon, raising skepticism about its likelihood.
Industry experts have a low outlook on Bankman-Fried receiving a pardon, emphasizing his past affiliations and Trump’s cautious approach to clemency. Despite efforts by Bankman-Fried’s family to lobby for a pardon, he remains imprisoned.
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