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Media: Bankman-Fried planned to launch a token after release - ForkLog
Former FTX CEO Sam Bankman-Fried (SBF) has considered launching his own coin after coming out of prison. This was reported by New York Magazine citing cellmates and acquaintances of the entrepreneur.
When former inmate David Bunevacz asked SBF about his plans after release, he replied that "to make serious money, it will require from $50 million to $100 million." The businessman mentioned a possible cryptocurrency project that "everyone will be drawn to."
According to journalists, Bankman-Fried takes medication daily for clinical depression and ADHD, and is also writing memoirs titled "Manfred."
Out of the 25 years sentenced to SBF, he has served only two years in prison. NYM noted that he and his close ones are actively seeking early release or sentence reduction.
However, on June 12, the appellate court rejected Bankman-Fried’s request to review the case and overturn the verdict in the FTX matter. Prior to that, on June 8, it became known that he had officially contacted Donald Trump regarding a presidential pardon.
The parents of the former head of the collapsed crypto exchange also hired Republican consultants Brian Lanzu and Cory Langhofer to lobby for his release.
Journalists report that as part of the campaign, Bankman-Fried tried to portray himself as a supporter of Trump. In 2025, he organized an unauthorized video interview from prison with Tucker Carlson and was briefly placed in solitary confinement afterward.
Later, he resumed activity on X through a mediator — his father Joseph Bankman — and began posting pro-Trump messages, calling himself a victim of the crypto-politics of the Biden administration.
Barbara Fried is also seeking her son's release. According to New York Magazine, the judge in the case demanded she stop excessive calls to his office. Prosecutors stated that one of the motions allegedly sent by Bankman-Fried from detention was delivered via FedEx from an area near his mother’s house.
Recall that at the end of October 2025, Bankman-Fried claimed that FTX was solvent at the time of the collapse. According to him, its assets amounted to $25 billion, and liabilities to $13 billion.