Sam Bankman-Fried: May issue new cryptocurrency after release from prison

According to a report by New York Magazine, Sam Bankman-Fried revealed to fellow inmates in prison that he might issue a new cryptocurrency if released, claiming that "everyone would rush to buy it." He mentioned that a serious business would require $50 million to $100 million in startup capital, and then stated that he would "issue his own token." He is currently serving a 25-year sentence at the Lompoc Federal Prison in California for the FTX fraud case, and his conviction was upheld by an appeals court last week. The report states that he filed for a pardon with the Trump administration on June 8, and his chances of being pardoned have risen to approximately 14% on Polymarket.