WuBlockchain
Sam Bankman-Fried told a fellow inmate he would "start my own coin" after leaving prison, and that "everyone will flock to it," according to a New York Magazine profile of his life behind bars. The comment, made to David Bunevacz while the two were incarcerated together, was caveated by Bunevacz: "He may have been joking, and they probably won't flock to it. But who knows."
Why it matters
Bankman-Fried, 34, is serving a 25-year sentence after the November 2023 FTX fraud conviction. The new-token remark reads more like a prison-hall boast than a project announcement, but it lands in the same week he formally filed a presidential pardon application with the Trump administration on June 8. The pardon market on Polymarket priced the move: the implied probability of clemency doubled to 14% on the news.
Source: [Sam Bankman-Fried’s Desperate Campaign to Get Free — Intelligencer](https://nymag.com/intelligencer/article/sam-bankman-fried-prison-donald-trump-pardon-appeal.html)
Frequently asked questions
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What did SBF say about launching a new token?
He told fellow inmate David Bunevacz he would "start my own coin" after leaving prison and that "everyone will flock to it." Bunevacz added that SBF "may have been joking."
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How long is Sam Bankman-Fried's prison sentence?
He is serving 25 years after his November 2023 conviction on FTX fraud charges, according to the New York Magazine profile.
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Has SBF applied for a presidential pardon?
Yes. He formally submitted a presidential pardon application to the Trump administration on June 8, according to the Intelligencer report.
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What did Polymarket odds do after the pardon news?
The implied probability of a pardon being granted on Polymarket doubled to 14% following the news, per the report.
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What else did the prison profile reveal about SBF?
The profile reports he takes Adderall daily for clinical depression and ADHD, and has been writing a serialized prison memoir titled Manfred while incarcerated.
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