SBF Claims Political Targeting Behind FTX Arrest

[tradelikepro]

Sam Bankman-Fried, founder of FTX, has reignited controversy by alleging that the Biden administration targeted him for political reasons.

In posts circulating widely on social media, SBF claims his arrest and prosecution were influenced by his prior political donations and his upcoming congressional testimony on a crypto regulatory bill. He asserts that actions by former SEC Chair Gary Gensler and the Justice Department motivated the timing and nature of his prosecution.

This latest wave of statements is adding fuel to debates over the intersection of politics and crypto regulation.

[Nahid10]

SBF’s political claims seem like an attempt to shift blame away from operational misconduct.

[EmTeam]

Whether true or not, this statement adds another layer of controversy to the FTX saga.