Fallen FTX Founder Sam Bankman-Fried Adopts Mackerel as New Currency, Gives Guards Crypto Tips
Sam Bankman-Fried, the disgraced founder of the failed cryptocurrency exchange FTX, has adapted to life behind bars by adopting mackerel as his new currency of choice while awaiting sentencing on fraud charges, according to The Wall Street Journal.
Bankman-Fried was convicted earlier this month on seven counts of fraud for misusing billions in customer funds before FTX collapsed in bankruptcy in November 2022. He has been detained at Brooklyn’s Metropolitan Detention Center since a judge revoked his bail in August after claims that he attempted to tamper with witnesses.
While his lavish lifestyle funded by FTX’s cryptocurrency trading empire is now a distant memory, Bankman-Fried has learned to manage the peculiarities of the federal prison economy. According to sources familiar with the matter, pouches of mackerel fillets are the preferred jailhouse currency, replacing cigarettes that were banned.
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Mackerel
Mackerel
