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 has brought fabricated charges against me, Donald Trump, Ryan Salame, etc. To make the charges stick, we weren't even allowed to respond to them," stated the businessman, who has been sentenced to 25 years in prison.

Bankman-Fried recalled the failed attempts by Democrats to hold Trump accountable after his first term as president.

"The Justice Department under Biden silenced me — Judge [Lewis] Kaplan made me silent and then imprisoned me during the proceedings. Judge Kaplan was also involved in Trump's case," noted the FTX founder.

He believes that personal animosity from the Biden administration stems from several factors. Firstly, politicians "hate cryptocurrency." Secondly, Bankman-Fried was a former Democratic donor who switched allegiance to the Republicans.

Additionally, he considers himself the "archenemy" of former SEC Chair Gary Gensler, claiming he visited Washington dozens of times to advocate for a change in the regulator's leadership.

"So they lied, claiming I stole billions and bankrupted FTX. But the money was always there, and FTX was always solvent," explained Bankman-Fried.

He also asserts that prosecutors prohibited mentioning FTX's solvency and "referencing lawyers" during hearings.

To strengthen their case, the Biden administration allegedly intimidated former head of FTX's Bahamian division, Ryan Salame, with false accusations, preventing him from presenting evidence of his innocence, according to Bankman-Fried.

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

"Lawyers took control of the company, and within four hours, they filed a fake bankruptcy to loot it and take the money."

Not Believed

Many in the community did not take the former CEO's explanation seriously. He was advised to "tough it out" and serve the remainder of his sentence.

In the comments, Cinneamhain Ventures partner Adam Cochran told Bankman-Fried to "just be quiet."

"You literally stole money. This isn't about licenses; it's about billions of dollars in illegal theft. Your lack of remorse is exactly what makes you [a bad person]," he added.

Some users pointed out that the businessman is likely "sucking up" to Trump for a pardon. However, 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 is 11%.

Source: Polymarket.

Recall that at the end of October, Bankman-Fried described FTX as solvent at the time of its collapse, claiming its assets were $25 billion against liabilities of $13 billion.