Trades Fish And Gives Investment Advice To Prison Guards

Key Points:

• SBF prison life is currently in the Metropolitan Detention Center in Brooklyn.
• SBF shares a dormitory with former Honduran President Juan Orlando Hernández and Genaro García Luna.

According to WSJ, SBF prison life was with former Honduran president and former Mexican police chief, who were involved in drugs. The SBF also provided crypto advice to the guards.

Sam Bankman-Fried (SBF), the co-founder and ex-CEO of FTX, is currently serving time in the Metropolitan Detention Center in Brooklyn. He shares a dormitory with former Honduran President Juan Orlando Hernández, who is awaiting trial for accepting bribes from drug traffickers, and Genaro García Luna, a former Mexican police chief convicted of aiding drug cartels.

Despite the circumstances, SBF seems to have cordial conversations with his fellow inmates. He faced difficulties in accessing vegetarian meals and ADHD medication initially, but those issues have been resolved.

SBF is allowed non-attorney visitors once a week and has a special laptop to review legal documents, albeit only in a dedicated room. He has been involved in the prison economy, trading mackerel packets for services.

SBF Prison Life: From Crypto-Billionaire to Fish Trader

Additionally, SBF has transitioned from trading digital assets to becoming a mackerel trader, the prison currency. Mackerel, known as “macks,” has replaced traditional money. Despite inflationary pressures, a pouch of mackerel filets costs $1.30. The mack currency system is considered more stable than crypto.

Mackerel packets have become a prison currency since cigarettes were banned. Besides, SBF has also provided cryptocurrency investment advice to prison guards, according to sources.

After his sentencing on March 28, 2024, SBF will be transferred to a federal prison, which is expected to offer better living conditions, educational and recreational resources, and a less violent prison population.

Currently, SBF faces a maximum sentence of 115 years in prison, but experts predict he may serve 25 years or less. Despite the challenges, SBF is reportedly doing his best under the circumstances.

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