Sam Bankman-Fried Adapts to Prison Life Using Rice as Currency

The former FTX CEO, serving a 25-year sentence, finds a unique trading system behind bars, highlighting the stark shift from his cryptocurrency empire.

• Bankman-Fried, convicted of major financial fraud, uses rice as a trading tool in Brooklyn’s Metropolitan Detention Center.
• Despite the harsh environment, he reports a mundane prison life without fear for his safety.
• FTX, despite its collapse, has secured funds to fully reimburse affected customers.
• Bankman-Fried's diet mainly consists of rice and beans, reflecting the limited food options available to him.
• He remains in a dormitory-style cell, sharing space with other inmates while awaiting his appeal.

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