Sam Bankman-Fried is now using mackerel fish as a means of exchange with other prisoners.
Highlights
- Sam Bankman-Fried paid for a haircut with packaged mackerel, a source told The Wall Street Journal.
- Mackerel had been a popular currency in federal prisons since 2004 after cigarettes were banned.
- The former FTX founder faces up to 110 years in prison for the fraud charges brought against him, but they’re only part of the charges he’s facing.
- He’s also set to stand trial for separate counts related to political bribery in the U.S.
- He has been a professional trader for much of his career, swapping exchange-traded funds before cofounding his crypto-trading firm Alameda Research in 2017.
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