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Sam Bankman-Fried may possibly be in jail, but the NYT reviews that he is still acquired a finger on the pulse with crypto.
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Bankman-Fried has been reportedly sharing crypto financial commitment tips with jail guards, per NYT.
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The disgraced FTX founder has been in a Brooklyn prison since August.
Sam Bankman-Fried may possibly no for a longer period be crypto’s golden boy, but the 31-12 months-old is even now pleased to deliver investing suggestions, for every The New York Situations.
Bankman-Fried is reportedly giving crypto financial investment recommendations and touting investments in the cryptocurrency Solana to prison guards, The Situations claimed on Tuesday, citing an unnamed source acquainted with the make any difference.
Reps for Bankman-Fried declined to comment on The Times’ report when arrived at for remark by BI.
Since August, Bankman-Fried has been held at Brooklyn’s Metropolitan Detention Centre, a prison notorious for its bad living situations.
Lousy cleanliness possibly is just not the only issue Bankman-Fried has to grapple with. Inmates do not have world-wide-web entry and are only authorized radios or MP3 gamers. That could be a true dilemma for Bankman-Fried, according to author Michael Lewis.
“Now, that sounds ridiculous, but I do assume that if he experienced the world wide web, he could endure jail endlessly. Without having getting a frequent stream of information and facts to respond to — I consider he may well go mad,” Lewis, who wrote a ebook on the rise and fall of FTX “Heading Infinite,” informed 60 Minutes in October.
Bankman-Fried’s mother and father, Joseph Bankman and Barbara Fried, have composed letters to the court docket to plead leniency for their son. Fried reported in her letter that she truly fears “for Sam’s daily