Report: Bankman-Fried Trades Mackerel for a Haircut, Shares Dorm With Ex-Honduran President Recently, inside sources
have reported on former FTX chief Sam Bankman-Fried‘s adjustment to prison life. Following the revocation of his bail due to allegations of witness tampering,
Bankman-Fried was confined to the Metropolitan Detention Center (MDC) in Brooklyn, New York. Since his conviction in November 2023, he has been residing there, currently awaiting sentencing after being convicted on seven distinct federal charges.
According to a Wall Street Journal (WSJ) report by James Fanelli and Corinne Ramey, sources
“familiar with the matter” reveal that Bankman-Fried has
discovered the unique currency of mackerel packets in prison. Mackerel packets have been a standard form of currency among prisoners since 2004, following the ban on cigarettes in federal prisons, thus elevating mack packs to the preferred trading medium.
It is well documented that these mackerel packets, valued at roughly $1 in the prison commissary, can fetch a higher price due to their scarcity.
In an intriguing twist, the WSJ further reports that
Bankman-Fried has been offering crypto trading advice to correctional officers at MDC. Additionally, he is reportedly sharing a dormitory
with former Honduran president Juan Orlando Hernández, who is accused of accepting bribes from
cocaine traffickers. This surprising pairing puts Bankman-Fried in close quarters
with a prominent figure in international politics and alleged criminal activity.
