Sam Bankman-Fried captured in first jail photo

abdelaziz Fathi

Sam Bankman-Fried, the once-billionaire founder of FTX, has been spotted looking quite different with a new beard and a slimmer figure in a photo that’s been making rounds, reportedly taken inside New York’s Metropolitan Detention Centre.

Sam Bankman-Fried

This snapshot was shared by crypto journalist Tiffany Fong during a chat with a former inmate known simply as “G Lock” marks the first glimpse of Bankman-Fried behind bars since his fraud conviction last August.

Captured on December 17, 2023, the image shows Bankman-Fried with a beard, appearing leaner, in the company of five other inmates.

Fong teased a clip from an upcoming interview with G Lock, who got to know Bankman-Fried during his jail time. According to Fong, Bankman-Fried has lost some pounds and hasn’t been keeping up with personal hygiene as much. “He’s definitely going through a rough patch,” Fong noted.

G Lock gave his two cents on Bankman-Fried, calling him “weird as hell” but still a “decent dude.”


Despite the lack of grooming and a slight isolation, G Lock mentioned that Bankman-Fried’s time in the slammer hasn’t been too rough, with no serious threats or violence against him. Interestingly, G Lock threw in that Bankman-Fried had more street cred than rapper Tekashi Six Nine, pointing out that unlike Six Nine, Bankman-Fried hasn’t ratted anyone out.

Fong wrapped up the teaser mentioning that Bankman-Fried’s time in jail included getting teased by other inmates over his relationship with Caroline Ellison and watching the 60 Minutes interview with Michael Lewis, the author of “Going Infinite: The Rise and Fall of a New Tycoon,” a book about Bankman-Fried’s tumultuous journey, all together with his fellow inmates.

FTX founder and former CEO pleaded not guilty in New York federal court to criminal charges related to the collapse of his now-bankrupt exchange and Alameda Research.

The disgraced cryptocurrency legend was indicted on eight counts, including wire fraud and money laundering conspiracy, as well as charges of securities fraud and conspiracy to avoid campaign finance regulations. If convicted, the onetime crypto billionaire could face up to 115 years in prison.

U.S. District Judge Lewis Kaplan set a trial date for October 2. SBF, who was out on a $250 million bond, appeared in Federal District Court in Manhattan and his attorney Mark Cohen entered the plea of not guilty to all counts.

Mr. Bankman-Fried, 30, previously acknowledged making mistakes but denied claims of engaging in widespread fraud, paving the way for a trial. However, the Massachusetts Institute of Technology graduate could ultimately change his mind and plead guilty to at least some of the charges.

Read this next

blockdag

BlockDAG’s Explosive Presale Hits $20.3M In April Swaying Investors From XRP’s Price Trends Upward, & Polygon’s NFT Market

Learn about BlockDAG’s impressive $20.3M presale results, XRP’s price increase prospects, and the booming NFT market on Polygon among the top 10 cryptocurrencies.

Retail FX

Financial Commission warns of Eplanet Brokers

The Financial Commission, a self-regulatory compliance specialist for the financial services industry, is ramping up its scrutiny of unregulated brokerage firms. Today, the independent association warned against a company called Eplanet Brokers.

Retail FX

Dubai crypto exchange steps into prop trading

Dubai-based cryptocurrency trading platform, CoinW Exchange, marked its sixth anniversary by announcing a rebranding initiative and launching a proprietary trading product.

Fintech

Bitcoin payments app Strike launches in Europe

Bitcoin blockchain-based payments app Strike launched in Europe on Wednesday, allowing users in the region to buy, sell, and withdraw bitcoin (BTC).

Chainwire

Bandit Network’s Points SDK and Brave Ads Power Astar zkEVM’s Quest Platform “Yoki Origins”

“Yoki Origins,” supported by Bandit Network and Brave Ads, introduces a gamified and rewarding experience for Astar zkEVM users, marking a significant milestone in Web3 adoption.

Digital Assets

Crypto ETFs to debut in Hong Kong next week

Hong Kong has authorized six cryptocurrency-based spot ETFs set to launch on April 30, according to Bloomberg.

blockdag

BlockDAG Among The Best New Crypto To Invest In Post 8 Billion Coins Sales; More On Bitcoin Cash Futures’ Launch & Solana Positive Predictions

Explore Solana’s ATH predictions to see whether it can rise after a $17B dip? BlockDAG sells 8 billion coins in presale as Bitcoin Cash Futures launch.

Fundamental Analysis, Market News, Tech and Fundamental

Global FX Market Summary:USD, FED, German IFO ,Gold April 24 ,2024

Mixed US economic data and Fed rate hike uncertainty are causing volatility in the EUR/USD pair, while the Eurozone and gold prices add another layer of complexity.

Market News, Tech and Fundamental, Technical Analysis

EURCHF Technical Analysis Report 24 April, 2024

EURCHF currency pair can be expected to rise further toward the next major resistance level 0.9840, which stopped the pervious waves C and B, as can be seen below.

<