Elon Musk Speculates on Potential Pardon for FTX Founder Sam Bankman-Fried, Who Donated Over $100 Million, Amid 10% Odds

Dec 23, 2024, 04:30 PM

Speculation surrounding a potential early pardon for Sam Bankman-Fried (SBF), the founder of FTX, has intensified following comments from Elon Musk. Musk stated he would be 'shocked' if President Biden does not grant the pardon. Despite this speculation, the probability of such a pardon remains low, with Polymarket reporting only a 10% chance as of December 23, 2024. Bankman-Fried, who used over $100 million in stolen customer funds for political donations, was the second-largest Democratic donor. His connections to the Democratic Party, including his parents' involvement, have fueled discussions about a possible pardon. As the situation develops, many are closely monitoring Biden's actions regarding Bankman-Fried's legal status.