Coin Edition -
- Sam Bankman-Fried is held in Brooklyn’s Metropolitan Detention Center and will face a sentencing date of March 28, 2024.
- The FTX founder will have access to weekly non-lawyer visitors and access to a special laptop for legal documents.
- Reportedly, Bankman-Fried also provided crypto advice to prison guards.
Sam Bankman-Fried (SBF), the once-high-flying founder of crypto exchange FTX and trading firm Alameda Research, is getting adjusted to his new life inside the confines of Brooklyn’s Metropolitan Detention Center.
The Wall Street Journal (WSJ) has reported that Bankman-Fried is scheduled for a sentencing date on March 28, 2024. Bankman-Fried’s life behind bars is marked by restrictions. While allowing non-attorney visitors once a week, Bankman-Fried is also allowed to use a special laptop in a dedicated room to review legal documents.
The SBF is allowed to see non-lawyer visitors once a week and is also allowed to use a special laptop to view legal documents, although its computer can only be used in a dedicated room.— Wu Blockchain (@WuBlockchain) November 24, 2023
Highlighting Bankman-Fried’s life behind bars, reports claim that Bankman-Fried shares a cell with a former president of Honduras and a Mexican police chief, both implicated in drug-related activities.
In response to inquiries, a Federal Bureau of Prisons spokesman emphasized the bureau’s policy of not commenting on individual conditions for privacy and security reasons. Mark Botnick, spokesman for Bankman-Fried, acknowledged the challenging circumstances, stating, “Sam’s doing the best he can under the circumstances.”
Upon Bankman-Fried’s relocation to a federal prison for the commencement of his sentence, reports point out that he may experience an improvement in living conditions. Prison consultant Bill Baroni, a lawyer with experience in the New Jersey Bridgegate scandal, anticipates enhanced freedom of movement, better access to educational programming, and recreation.
Interestingly, the report reveals that SBF, despite his incarceration, has not entirely severed ties with his cryptocurrency roots. The disgraced entrepreneur allegedly provided cryptocurrency advice to prison guards.
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