2026-01-09 06:27:45

The political gamble of FTX founder SBF has failed. Having donated over $40 million to Biden's camp in the 2022 midterm elections, he now pays a heavy price for it — facing multiple criminal charges and completely losing any hope of legal redemption.

U.S. President Trump recently explicitly denied the possibility of pardoning SBF in an interview with the media. This means that the former crypto exchange king has lost his last chance to turn the tide through political means. From a flamboyant industry leader to a helpless prisoner behind bars, SBF's story has become the most cautionary tale in the crypto world — no matter how powerful one's wealth and political influence are, they cannot withstand legal sanctions and market liquidation. The spectacular collapse of FTX not only shocked the entire industry but also profoundly exposed the fragility behind the intertwining of power and money.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

8 Likes

Reward
8
7
Repost
Share

Comment

0/400

WenMoon42

· 01-11 13:51

Throwing around money makes you arrogant, thinking you can buy everything. As a result, a single sentence from Trump directly sentenced him to death. --- This guy is really too funny, actually still hoping to redeem himself through politics. Wake up. --- To put it simply, greed is insatiable, like a snake swallowing an elephant. Even with such a huge operation like FTX, he still thought a hard landing was possible? --- I just want to know how that 40 million was spent; now it’s all blood, sweat, and tears. --- Haha, the most classic negative example in the crypto circle has been born, and next time, will anyone dare to play like this again? --- Power and money really can't save you; there are no exemptions before the law. --- Turning from heaven to hell in just a few months. --- This is the price of greed; no matter how much money you throw in, you can't fill this pit.

View OriginalReply0

SchrodingerProfit

· 01-11 01:53

Political donations are not insurance; this guy has paid a sky-high tuition fee.

View OriginalReply0

LiquidationWizard

· 01-09 06:57

Uh... $40 million wasted, this bet really took the cake Spending money on protection and ending up with nothing, serves you right SBF's downfall is truly a career-ending move, I would have run away long ago Political donations can also backfire, how incompetent can you be A textbook example of a failure in the crypto world... hilarious How direct was Trump's "no"? Haha Having a lot of money can't save you, this is the reality The FTX incident has made me lose even more trust in the big shots

View OriginalReply0

BrokenDAO

· 01-09 06:56

In plain terms, this is a typical case of incentive distortion. Spending money to buy protection, only to find that protection itself is a false proposition... The balance of power has always been a paper concept.

View OriginalReply0

NotFinancialAdviser

· 01-09 06:55

Oops, I bet on the wrong horse, $40 million went down the drain Betting on politics, everyone who loses ends up the same miserable The harshest cautionary tale in the crypto world, bar none No matter how much money you have, you can't stop the blade of the law This is what you call karma in this life Trump's comment "no" saved us No matter how established the persona, it can't withstand a fundamental collapse Falling from the throne so quickly? Political donations = legal immunity? Dream on That FTX incident truly was a watershed moment in the crypto world

View OriginalReply0

GasFeeTears

· 01-09 06:55

Damn, I really bet wrong on this one. Losing $40 million is one thing, but risking myself too—truly outrageous. It's the fate of someone foolish and wealthy, thinking that throwing money around can buy everything. In the end, no one is above the law. This guy is textbook anti-example—once full of ambition, now stuck in jail, and his sarcasm is deadly. Investing in politics is like betting on coins; a small mistake and everything's gone. There's no insurance at all. When FTX exploded, I knew this guy was finished. I didn't expect him to have no chance to turn things around in the end. Honestly, he's just too greedy—trying to harvest the chives and play politics at the same time. In the end, both sides are pressed down and rubbed. Listening to this guy's stories every day, he's really become a negative example in the crypto world. More and more people are waking up. Now I realize, no matter how much money you have, it can't buy your fate. Trump’s one sentence directly sentenced him to death—hilarious.

View OriginalReply0

LiquidationHunter

· 01-09 06:43

Haha, huge loss, the political insurance I bought was fully lost. --- Invested 40 million to seek a pardon, but Trump directly said no... This deal is too shady. --- A typical case of courting death, thinking that having money means you can play politics? The law never cares how much you donate. --- Now I understand, political donations are not insurance, they are gambling. --- Still want to get out by throwing money? Wake up, the rules have changed, SBF. --- The most expensive lesson in the crypto world: power does not equal immunity.

View OriginalReply0