Sam Bankman-Fried's official X account posted a message regarding the quarterly close of traditional markets using an authorized proxy. The FTT token recorded an abrupt 11% increase within minutes due to the reaction of automated trading bots, only to later erase the entirety of its gains.
FTT token surged 90% following Sam Bankman-Fried's formal application for a presidential pardon from Donald Trump, sparking intense market speculation.
Sam Bankman-Fried, the convicted FTX co-founder serving a 25-year federal prison sentence, formally submitted a presidential pardon application to the U.S. Department of Justice's Office of the Pardon Attorney on June 8, 2026. Breaking: Formal Petition Confirmed Bloomberg first reported the filing on Monday morning.