Adjusting to Prison Life
Sam Bankman-Fried, the former FTX CEO, is currently awaiting his indictment in a cell at the MDC. He faces up to 120 years in prison depending on the judge’s decision. While in prison, Bankman-Fried shares a cell with Juan Orlando Hernández and Genaro García Luna, both facing serious charges. According to prison consultant Bill Baroni, Bankman-Fried is fortunate to have cellmates who are not as violent as other inmates at the facility.
Adapting to a New Financial System
To prepare for his time in prison, Bankman-Fried has been learning how to navigate a new financial system based on prison commissary items. He has reportedly stocked up on mackerel packets, which serve as a common store of value in prison. These fish preserves were even used to pay for Bankman-Fried’s haircut, although some critics claim he overpaid for the service. Despite inflation affecting the cost of mackerel in prison, it still offers more stability than cryptocurrency investments, according to Baroni.
A Unique Advantage
Bankman-Fried’s vegan diet sets him apart from his fellow inmates when it comes to the mackerel payment system. While others use it as currency, he sees it solely as a store of value. Additionally, his complaints about the prison diet have been addressed, and he now receives vegan meals instead of peanut butter sandwiches.
Hot Take: Adjusting to Life Behind Bars
Sam Bankman-Fried’s transition to life in prison has involved adapting to a new financial system based on prison commissary items like mackerel packets. Despite facing a lengthy sentence, Bankman-Fried has found some advantages in his current situation, including having cellmates who are not as violent as other inmates. While his investments may have landed him in prison, the stability of the mackerel currency system offers some reassurance. As he navigates this new paradigm, Bankman-Fried’s vegan diet sets him apart from his fellow inmates but also brings about unique advantages in the prison economy.
By
By
By
By
By