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Home/News Feed/FTT token spikes 90% after SBF files for presidential pardon amid fraud conviction.

FTT

Rp27,527

+Rp406 +1.49%

FTT token spikes 90% after SBF files for presidential pardon amid fraud conviction.

Name: Pluang-Trading US Stock Crypto
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Market News

09 Jun 2026

CryptoTicker

View Source

Bullish

The FTT token of the defunct FTX exchange surged nearly 90% after Sam Bankman-Fried, FTX's co-founder, filed a presidential pardon request with the U.S. Department of Justice. Despite the rally, experts warn the spike is purely speculative since FTX is bankrupt and FTT has no real utility. The pardon request seeks restoration of civil rights after SBF's 25-year sentence for fraud, not immediate release. Market watchers remain skeptical about the pardon’s success, noting low odds and potential price volatility ahead.

More News (FTT)

Sam Bankman-Fried files formal pardon request as FTT token jumps 50%.

Sam Bankman-Fried, the convicted FTX co-founder serving 25 years in prison, formally filed a presidential pardon request with the U.S. Department of Justice on June 8, 2026. The pardon would apply after his sentence completion and could restore certa...

Market News

Bullish

20 hours ago