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‘I’ll be shocked IF…’ – Elon Musk reacts to Biden pardoning FTX Founder rumours
In a recent tweet, Elon Musk has weighed in on the ongoing controversy surrounding FTX founder Sam Bankman-Fried’s potential presidential pardon. The entrepreneur and CEO of Tesla took to Twitter to express his surprise at the possibility of such an occurrence.
“I will be shocked if this doesn’t happen,” tweeted Musk.
The statement follows rumors circulating about President Joe Biden’s potential pardon for Bankman-Fried, who was previously expected to face up to 25 years in prison following FTX’s collapse. The news has sent shockwaves through the cryptocurrency community, with many expressing concerns about accountability and regulatory oversight.
Notably, Musk’s reaction highlights his skepticism regarding the possibility of a presidential pardon for Bankman-Fried. It remains unclear whether these rumors are grounded in reality or simply speculation at this stage. Nonetheless, the tweet has sparked widespread discussion within the crypto space, further emphasizing the gravity of this situation.
The FTX founder is currently facing legal action stemming from the exchange’s insolvency and resulting losses for investors. As a result, many are anxiously awaiting any development that may shed light on the situation.
It appears that Musk’s response has had an impact on the odds surrounding Bankman-Fried’s potential pardon. Polymarket odds saw a 9% surge in the likelihood of such an outcome following Musk’s comment, rising from 4% to 13%. This fluctuation underscores the uncertainty surrounding this issue and further highlights the concerns among cryptocurrency enthusiasts.
The situation has sparked conversations around the importance of regulatory oversight within the crypto space.
Source: ambcrypto.com
