FTX Founder Accuses Biden Administration of Political Persecution

Sam Bankman-Fried accuses Biden's administration of political persecution.

Former FTX CEO Sam Bankman-Fried believes he has become a victim of a “political war” waged by former U.S. President Joe Biden. He accused the previous White House administration of fabricating charges against him.

1) Rule No. 1 of Biden’s political lawfare:

Don’t let them present evidence.https://t.co/OzopfeHTvk

— SBF (@SBF_FTX) February 9, 2026

“Biden’s legal machine fabricated charges against me, Donald Trump, Ryan Salame, etc. To make the charges stick, we weren’t even allowed to respond to them,” said the businessman sentenced to 25 years in prison.

Bankman-Fried recalled the Democrats’ unsuccessful attempts to prosecute Trump after his first term as head of state.

“Biden’s Department of Justice silenced me — Judge [Lewis] Kaplan silenced me, then jailed me during the proceedings. President Trump also had Kaplan as a judge,” noted the FTX founder.

In his view, personal animosity from Biden’s administration had several reasons. Firstly, politicians “hated cryptocurrency.” Secondly, Bankman-Fried was a former Democratic sponsor who switched to the Republican side.

Additionally, the entrepreneur considers himself the “main enemy” of former SEC Chairman Gary Gensler. He allegedly visited Washington dozens of times to push for a change in the regulator’s leadership.

“That’s why they lied, claiming I stole billions of dollars and bankrupted FTX. But the money was always there, and FTX was always solvent,” explained Bankman-Fried.

He also claims that prosecutors prohibited mentioning FTX’s solvency and “mentioning lawyers” during hearings.

To strengthen their position in court, the Biden administration intimidated former head of FTX’s Bahamian division Ryan Salame with false charges, preventing him from providing evidence of innocence, Bankman-Fried believes.

In a separate post, the FTX founder stated that the company was never bankrupt:

“Lawyers took control of the company, and within four hours, they filed a sham bankruptcy claim to loot it and get the money.”

Skepticism Abounds

Many in the community did not take the former CEO’s attempt to explain himself seriously. He was advised to “endure” the situation and serve the remaining sentence.

In comments under the post, Cinneamhain Ventures partner Adam Cochran asked Bankman-Fried to “just shut up.”

“You literally stole money. It’s not about licenses, it’s about billions of dollars of illegal embezzlement. Your lack of remorse is exactly what makes you [a bad person],” he added.

Some users noted that the businessman is likely “cozying up” to Trump for a pardon. Although back in January, the U.S. President ruled out such an outcome.

On Polymarket, the probability that Trump will pardon Bankman-Fried by the end of 2026 stands at 11%.

In late October, Bankman-Fried claimed FTX was solvent at the time of its collapse. According to him, its assets amounted to $25 billion, while liabilities were $13 billion.