Convicted cryptocurrency executive Sam Bankman-Fried has formally applied for a presidential pardon from President Donald Trump.

The application appears on the Justice Department's Pardon Attorney Office website, where it is listed as a request for a pardon after completion of sentence. Bankman-Fried is serving a 25-year prison term following his 2024 conviction on multiple counts of fraud and money laundering tied to the collapse of his FTX exchange.

The filing comes after months of reported efforts by Bankman-Fried and his family to seek clemency. His parents, Stanford Law professors Barbara Fried and Joseph Bankman, had met with lawyers and figures connected to Trump's orbit in prior months. Bankman-Fried has also posted on social media praising Trump and asserting that FTX remained solvent at the time of its failure.

Trump stated in January that he had no plans to pardon Bankman-Fried. The president has granted clemency to other figures in the cryptocurrency space, including Binance founder Changpeng Zhao and Silk Road operator Ross Ulbricht.

Bankman-Fried was convicted in November 2023 after a trial that detailed how he misused customer funds at FTX to prop up his hedge fund Alameda Research and to make political donations. Prosecutors described the scheme as one of the largest financial frauds in U.S. history. He was sentenced the following March.

The pardon request remains a long shot given the president's prior comments and the scale of the crimes involved. The White House has not commented on the new filing.