Sam Bankman-Fried, the founder of cryptocurrency exchange FTX who was convicted of fraud and conspiracy, was moved out of a Brooklyn detention center on Wednesday morning, his spokesman said.
Bankman-Fried's final fate was unclear, said her spokesman, Mark Botnick. Before the transfer, Bankman-Fried, 32, told people close to him that he expected to be transferred to a federal correctional facility in Mendota, California, a person with knowledge of the matter said.
A Bureau of Prisons representative declined to comment on Bankman-Fried, citing “privacy and security reasons.” A spokesman for prosecutors who oversaw Bankman-Fried's case did not immediately respond to a request for comment.
Mr. Bankman-Fried's transfer was reported previously by The Wall Street Journal.
In March, Bankman-Fried was sentenced to 25 years in prison after being found guilty of defrauding FTX customers, investors and lenders. Prosecutors said he orchestrated a years-long fraud, siphoning $8 billion from client accounts to fund venture capital investments, political contributions and real estate purchases.
When charged, Mr. Bankman-Fried was granted bail and confined to his parents' home in Northern California. The judge overseeing his case revoked his bail in August, alleging that he had tried to intimidate a witness.
Since then, Bankman-Fried has been confined at the Brooklyn Metropolitan Detention Center. After being sentenced in March, Bankman-Fried asked to remain in the detention center while he works on an appeal challenging his conviction.
