FTX Founder Bankman-Fried Trades Crypto for Canned Fish 'Currency' in Prison
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Sam Bankman-Fried went from cryptocurrency billionaire to federal prisoner when his FTX exchange failed.
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In prison, canned mackerels (or "macks") are the alternative currency used by inmates to pay for services.
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Macks took the place of cigarettes when those were banned in 2004. Macks hold value like cryptocurrency.
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Bankman-Fried rose to fame rapidly by arbitraging Bitcoin and starting the FTX exchange.
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FTX failed when Bankman-Fried illegally used client funds to cover his own trading losses, wiping out account holdings.