Sam Bankman-Fried is pivoting his defense into a political offensive. Serving 25 years, SBF now claims his arrest was a hit job to silence his 2022 GOP pivot.
He maintains that $FTX was "always solvent," arguing that a $25B asset pool existed to cover $16B in liabilities, but was dismantled by a bankruptcy team that has since raked in over $1B in fees.
This attempts to rebrand an $8B fraud case as a partisan witch hunt. By aligning his narrative with the "weaponized DOJ" rhetoric, SBF is bypassing the courts to lobby for a political pardon.
If this gains traction, it threatens to turn future crypto regulation into a purely partisan battleground rather than a matter of consumer protection.
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SBF ACCUSES BIDEN OF "POLITICAL LAWFARE"
Sam Bankman-Fried is pivoting his defense into a political offensive. Serving 25 years, SBF now claims his arrest was a hit job to silence his 2022 GOP pivot.
He maintains that $FTX was "always solvent," arguing that a $25B asset pool existed to cover $16B in liabilities, but was dismantled by a bankruptcy team that has since raked in over $1B in fees.
This attempts to rebrand an $8B fraud case as a partisan witch hunt. By aligning his narrative with the "weaponized DOJ" rhetoric, SBF is bypassing the courts to lobby for a political pardon.
If this gains traction, it threatens to turn future crypto regulation into a purely partisan battleground rather than a matter of consumer protection.