Posted 12/20/2023, 9:49:35 PM
Bankman-Fried Trades Canned Fish for Haircuts in Prison Economy After FTX Downfall
- Sam Bankman-Fried fell far, from leading a major crypto exchange to trading canned fish for haircuts in prison
- He used canned mackerel he collected from the prison mess hall as currency to pay for a haircut
- Mackerel is valued at $1.30 per tin, making it strong currency compared to the USD
- Apparently prison haircuts aren't included, you have to pay inmates for them
- Bankman-Fried awaits sentencing on 7 felonies for defrauding investors out of billions via his crypto exchange FTX