{"id":5070,"date":"2025-10-15T10:40:01","date_gmt":"2025-10-15T10:40:01","guid":{"rendered":"https:\/\/dailystreetchronicle.com\/index.php\/2025\/10\/15\/sam-bankman-fried-claims-biden-administration-targeted-him-politically-amid-ftx-collapse\/"},"modified":"2025-10-15T10:40:01","modified_gmt":"2025-10-15T10:40:01","slug":"sam-bankman-fried-claims-biden-administration-targeted-him-politically-amid-ftx-collapse","status":"publish","type":"post","link":"https:\/\/dailystreetchronicle.com\/index.php\/2025\/10\/15\/sam-bankman-fried-claims-biden-administration-targeted-him-politically-amid-ftx-collapse\/","title":{"rendered":"Sam Bankman-Fried Claims Biden Administration Targeted Him Politically Amid FTX Collapse"},"content":{"rendered":"<p>The post <a href=\"https:\/\/coinpedia.org\/news\/sam-bankman-fried-claims-biden-administration-targeted-him-politically-amid-ftx-collapse\/\">Sam Bankman-Fried Claims Biden Administration Targeted Him Politically Amid FTX Collapse<\/a> appeared first on <a href=\"https:\/\/coinpedia.org\">Coinpedia Fintech News<\/a><\/p>\n<p>Former FTX founder Sam Bankman-Fried (SBF) has once again stirred controversy, this time accusing the Biden administration of orchestrating his arrest for political reasons. In a recent post on GETTR, SBF claimed that his 2022 detention wasn\u2019t solely about <a href=\"https:\/\/www.youtube.com\/watch?v=uFyWHEg-7HI&amp;pp=ygUWZnR4IGNvbGxhcHNlIGNvaW5wZWRpYQ%3D%3D\" target=\"_blank\" rel=\"noreferrer noopener\">FTX\u2019s collapse<\/a> but a calculated move to silence him after he began donating to Republican candidates.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-from-political-favorite-to-political-target\"><strong>From Political Favorite to Political Target<\/strong><\/h2>\n<p><a href=\"https:\/\/gettr.com\/post\/p3t32brf38e\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">According to SBF<\/a>, his early reputation as a major Democratic donor shifted in 2022 when he started backing Republicans<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&nbsp;\u201cBy 2022, I was a centrist and donated tens of millions to Republicans,\u201d he wrote, adding that weeks later, regulators \u201cwent after me.\u201d&nbsp;<\/p>\n<\/blockquote>\n<p>He suggested that his arrest came just before a crucial crypto regulation bill was scheduled for a vote, and one day before he was meant to testify before Congress.<\/p>\n<p>SBF explained that after observing the SEC and Justice Department launch aggressive enforcement actions against crypto firms, he decided to take a more \u201ccentrist\u201d approach. He believes this shift in political support cost him favor in Washington.<\/p>\n<h3 class=\"wp-block-heading\" id=\"h-the-mystery-of-gensler-s-missing-messages\"><strong>The Mystery of Gensler\u2019s Missing Messages<\/strong><\/h3>\n<p>SBF\u2019s claims gained more attention after it was revealed that former SEC Chair Gary Gensler\u2019s government-issued phone was wiped clean, erasing almost a year\u2019s worth of texts from October 2022 to September 2023. The SEC\u2019s Inspector General confirmed that the device underwent an \u201centerprise wipe,\u201d coinciding with the FTX collapse and key enforcement actions against crypto firms.<\/p>\n<p>The discovery fueled fresh outrage across the crypto community. Coinbase accused the SEC of \u201cdestroying evidence,\u201d prompting lawmakers to open an investigation into how critical records disappeared during a crucial period of crypto oversight.<\/p>\n<p>            .article-inside-link {<br \/>\n                margin-left: 0 !important;<br \/>\n                border: 1px solid #0052CC4D;<br \/>\n                border-left: 0;<br \/>\n                border-right: 0;<br \/>\n                padding: 10px 0;<br \/>\n                text-align: left;<br \/>\n            }<\/p>\n<p>            .entry ul.article-inside-link li {<br \/>\n                font-size: 14px;<br \/>\n                line-height: 21px;<br \/>\n                font-weight: 600;<br \/>\n                list-style-type: none;<br \/>\n                margin-bottom: 0;<br \/>\n                display: inline-block;<br \/>\n            }<\/p>\n<p>            .entry ul.article-inside-link li:last-child {<br \/>\n                display: none;<br \/>\n            }<\/p>\n<ul class=\"article-inside-link\">\n<li><span>Also Read : <\/span><\/li>\n<li> &nbsp; <a href=\"https:\/\/coinpedia.org\/news\/ftx-creditors-left-rekt-despite-1-6b-payout-zachxbt-points-out-outdated-valuations\/\" target=\"_blank\">FTX Creditors Left \u2018Rekt\u2019 Despite $1.6B Payout? ZachXBT Points Out Outdated Valuations<\/a><\/li>\n<li>&nbsp;  &#044;<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\" id=\"h-a-fallen-prodigy-or-a-political-casualty\"><strong>A Fallen Prodigy or a Political Casualty?<\/strong><\/h3>\n<p>Bankman-Fried, now serving time at FCI Terminal Island, maintains that his case was as much about politics as it was about alleged fraud. Prosecutors, however, painted a very different picture, arguing that he funneled billions in customer funds from FTX into Alameda Research, using the money for lavish purchases, risky trades, and political donations.<\/p>\n<p><a href=\"https:\/\/x.com\/aus_mini\/status\/1978220257652424859\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">An X user<\/a>, AusMini, praised Sam Bankman-Fried for finally speaking out on GETTR, saying his call for a fair hearing is justified and that \u201ceveryone deserves fairness and dignity.\u201d The post drew parallels to Miles Guo\u2019s situation, suggesting both have faced political targeting, and urged that justice should now prevail.<\/p>\n<p><a href=\"https:\/\/x.com\/ttjanszen\/status\/1978181646252732690\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Another user<\/a>, Timothy Janszen, countered that while some of Sam Bankman-Fried\u2019s claims might hold partial truth, his imprisonment isn\u2019t about bad market timing.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&nbsp;\u201cSBF\u2019s actions amounted to stealing since he used customer money without consent,\u201d Janszen explained. \u201cEven if his bets had succeeded, it wouldn\u2019t change the fact that he broke fundamental financial rules.\u201d<\/p>\n<\/blockquote>\n<div class=\"media article_register_shortcode\">\n<div class=\"media-body\">\n<h5 class=\"mt-0\">Never Miss a Beat in the Crypto World!<\/h5>\n<p>Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.<\/p>\n<\/p><\/div>\n<div class=\"media-button\">\n<div class=\"category-subscribe-btn\">\n                  <button id=\"without-login-subscribe_6\" class=\"primary-button subscribe-now openLoginModal\"><br \/>\n                                Subscribe to News                           <\/p>\n<p>            <\/button>\n             <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<h2 class=\"wp-block-heading\" id=\"h-faqs\">FAQs<\/h2>\n<div class=\"schema-faq wp-block-yoast-faq-block\">\n<div class=\"schema-faq-section\" id=\"faq-question-1760523938486\"><strong class=\"schema-faq-question\"><strong>Why is Sam Bankman-Fried claiming his arrest was political?<\/strong><\/strong> <\/p>\n<p class=\"schema-faq-answer\">SBF says his 2022 arrest was politically motivated after he began donating to Republicans, suggesting it aimed to silence him during key crypto debates.<\/p>\n<\/p><\/div>\n<div class=\"schema-faq-section\" id=\"faq-question-1760523954101\"><strong class=\"schema-faq-question\"><strong>What do critics say about SBF\u2019s political arrest claims?<\/strong><\/strong> <\/p>\n<p class=\"schema-faq-answer\">Critics argue his claims distract from the core issue\u2014using FTX customer funds for personal and political gains, which they call outright financial misconduct.<\/p>\n<\/p><\/div>\n<div class=\"schema-faq-section\" id=\"faq-question-1760523954766\"><strong class=\"schema-faq-question\"><strong>Is Sam Bankman-Fried considered a political scapegoat or a fraudster?<\/strong><\/strong> <\/p>\n<p class=\"schema-faq-answer\">Opinions are split: supporters see him as politically targeted, while prosecutors say he committed fraud by misusing billions in customer funds.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The post Sam Bankman-Fried Claims Biden Administration Targeted Him Politically Amid FTX Collapse appeared 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