Unveiling the Enigmatic Journey of Sam Bankman-Fried
Sam Bankman-Fried, the founder of FTX who is currently awaiting sentencing for fraud, has adapted to prison life by using mackerel as a form of currency. Mackerel has replaced cigarettes as the preferred currency in the federal jail after smoking was banned. Bankman-Fried traded pouches of mackerel for services, such as a haircut, from fellow inmates. While in jail, he has been giving cryptocurrency tips to guards. Bankman-Fried is scheduled to be sentenced on March 28 and will likely be relocated to a federal prison, where he will have more freedom and access to educational programs.