key takeaways
- Sam Bankman-Fried enjoys rare advantages in the Nassau prison.
- His privileges include a television, local newspapers, vegan food, and an air-conditioned cell.
- The FTX founder formally agreed to extradition today and is expected to return to the United States shortly.
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Sam Bankman-Fried’s prison stay includes vegan food, daily medical check-ups, a television, local newspapers and crossword puzzles, benefits reportedly few inmates at Fox Hill Prison are able to enjoy.
Sam’s life in jail
Sam Bankman-Fried is reportedly quite comfortable in jail.
According to Bloomberg, the former CEO of FTX’s stay in the Bahamas prison has been relatively luxurious. The report states that contrary to crypto community speculation, life for Bankman-Fried on Fox Hill “has been as good as it gets.”
The disgraced founder of the cryptocurrency exchange has reportedly been given access to running water, a toilet, a shower, a cot, a television, local newspapers and crossword puzzles, benefits the article describes as “luxuries”, considering the conditions in which that most of Fox Hill’s prisoners are forced to live. In 2021, Fox Hill was the subject of a human rights report which found that prison officials committed significant human rights abuses against convicts.
Bankman-Fried has benefited from other privileges, including vegan food (instead of the standard lunch of sausages and corned beef), an air-conditioned cell, and twice-daily medical checks by the prison doctor. His cell, far from overcrowded, contains only four other inmates, with guards on duty from 2:00 p.m. to 6:00 a.m. to ensure Bankman-Fried’s safety.
The former billionaire agreed to extradition in court today and is expected to return to the United States later that day in the company of FBI agents on a non-commercial flight. In the affidavit filed with the court today, Bankman-Fried stated that he had consented to the extradition out of a “desire to make the relevant clients whole.”
other reports show, however, that the Bankman-Fried extradition deal could stem from their hopes that the US judicial system would grant him bail. The Southern District of New York, the Securities and Exchange Commission and the Commodity Futures Trading Commission have filed charges against him.
Disclaimer: At the time of writing, the author of this article owned BTC, ETH, and various other crypto assets.
