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With smoking now banned, the age-old practice of paying for certain goods and services with cigarettes in prisons has given way to trading preserved fish. Bankman-Fried traded some pouches of "macks" for a haircut, the WSJ reported, citing people familiar with the matter. Source
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Bankman-Fried, who has not yet been sentenced, is awaiting a second trial on charges of campaign finance fraud and bribery of Chinese officials, scheduled for March 28, 2024. Sam Bankman-Fried, the co-founder and former CEO of FTX Derivatives Exchange recently convicted on November 2 for defrauding customers is reportedly adapting to
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The crypto trading days of former FTX CEO Sam Bankman-Fried are over, and the recently convicted founder has found a new thing to trade while in jail — fish. The Wall Street Journal reported on Nov. 23 that Bankman-Fried recently traded four packets of Mackerel — known in prison as “macks”
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The FTX founder participates in ‘prisonomics’ at a Brooklyn detention center where demand for mackerel pouches outshines interest in Bitcoin and crypto. Convicted FTX founder Sam Bankman-Fried has battered seafood delicacies with fellow inmates during his time at the Brooklyn Metropolitan Detention Center (MDC). He exchanged it for services while awaiting
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