The legal predicament of FTX founder Sam Bankman-Fried (SBF) seems to have no sign of turning around. According to the latest reports, the current U.S. administration has explicitly stated that it has no intention of granting clemency to the former executive convicted due to the collapse of the cryptocurrency exchange.

**Judicial Verdict Review**

In March 2024, SBF was convicted on seven counts of financial crimes, including embezzlement of customer funds, and subsequently sentenced to 25 years in prison. Since August 2023, he has been detained after federal judges revoked his bail, and he remains in custody to this day. This verdict represents one of the harshest punishments in the history of the cryptocurrency industry.

**Clemency Hope Dashed**

After multiple reports that SBF was attempting to seek clemency through various channels, the current U.S. leadership explicitly rejected this possibility in a media interview. SBF claimed to have a "good relationship" with the Republican Party and tried to leverage political connections for a turnaround, but these efforts clearly failed.

**Differences Among Co-Defendants**

In contrast, other high-ranking executives involved in the FTX case received lighter sentences due to plea agreements with prosecutors. Former Alameda Research CEO Caroline Ellison and former FTX Digital Markets Co-CEO Ryan Salame both received more lenient treatment after early guilty pleas. This disparity highlights the cost of SBF’s insistence on maintaining an innocent stance.