SBF has officially submitted a presidential pardon application, requesting a post-sentence pardon.

Sam Bankman-Fried, co-founder of FTX, has formally filed a presidential pardon application with the U.S. Department of Justice’s pardon attorney's office. The 34-year-old SBF is seeking a pardon after serving his time, which comes over two years after his conviction due to the FTX collapse.

Why it matters: SBF's pardon application marks the latest twist in the largest fraud case in crypto history, and its outcome will have a profound impact on how the market perceives the legal conclusions regarding the FTX incident and the direction of industry regulation.

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