Sam Bankman-Fried Submits Trump Pardon Application; FTT Rallies About 50% on June 8, 2026

Sam Bankman-Fried, the convicted FTX co-founder serving a 25-year federal sentence, filed a presidential pardon application with the U.S. DOJ's Office of the Pardon Attorney on June 8, 2026. The request is listed as a "pardon after completion of sentence," which would not shorten his term if granted. After the filing became public, FTT rose roughly 50% intraday while prediction-market probabilities also shifted.