FTX founder Sam Bankman-Fried ‘subsisting on bread and water’ in prison
Last Updated on 6 November 2023 by CryptoTips.eu
Apparently a prison in Brooklyn isn’t as luxurious as his parents’ California mansion. Sam Bankman-Fried, the former founder and CEO of major crypto site FTX, was transferred to a federal prison two weeks ago after breaking the terms of his house arrest. He is now suing the prison regime through his lawyer. The American media is not impressed. The New York Post, in particular, was very harsh in its judgment.
House arrest
Sam had been placed under house arrest (he paid about $250 million to enjoy this “benefit” instead of going to jail) ever since his arrest last year, but because he tried to influence the outcome of his trial, a judge recently decides to transfer him to prison.
There, according to his lawyer, he lives on “water and bread” and cannot be offered “vegan meals”.
As thousands of Americans have lost access to their crypto funds due to the demise of FTX, Sam cannot count on much sympathy from the public.
The judge had previously ruled that Sam Bankman-Fried had tried to win over the public by passing on the diary of his ex, Caroline Ellison, to the New York Times.
Given the media hype that plays out every time SBF makes headlines, we can only expect the real trial against him, which starts in six weeks, to become a real media spectacle.
