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June 8, 2026

Sam Bankman-Fried Files Formal Pardon Application as FTT Spikes and African Creditors Remain Frozen Out

Sam Bankman-Fried, the convicted founder of collapsed crypto exchange FTX, has filed a formal clemency petition with the U.S. Department of Justice, asking President Donald Trump to pardon him while he serves a 25-year federal prison sentence. The application, listed publicly under DOJ clemency case number P338490, was confirmed on June 8, 2026. Trump has previously stated that Bankman-Fried should not expect a pardon.

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'Crypto Godfather' Adam Iza Pleads Guilty to Connecticut Kidnapping Plot

Adam Iza, the 25-year-old Beverly Hills and Newport Beach, California businessman who styled himself the "Crypto Godfather" and built a public persona around his AI trading platform, Zort, admitted in federal court on June 2, 2026, to directing the violent carjacking of a Lamborghini and the kidnapping of two people in Danbury, Connecticut, in August 2024.

June 2, 2026Read →