From Crypto To Catch: Disgraced FTX Founder Turns To Trading Fish In Prison
Summary
Sam Bankman-Fried, former CEO of cryptocurrency exchange FTX, is currently awaiting sentencing at New York's Metropolitan Detention Center on charges including wire fraud and conspiracy to commit money laundering. A report reveals that Bankman-Fried has been using food, specifically mackerel, as a form of currency for bartering services within the prison. The use of mackerel as an exchange medium became widespread in federal prisons after the ban on cigarettes. Meanwhile, FTT, the native token of FTX, has seen impressive growth with a recent surge in value of 21% over the past 24 hours and a total increase of 315% over the past month. Rumors of a possible reboot of the FTX exchange are circulating within the crypto community.
