The imprisoned founder of the Crypto Exchange FTX bankruptcy is now being held in a correction facility in Los Angeles, California.
According to the prisoner database of the Federal Bureau of Prisons (BOP), Sam Bankman-Gefreuurt currently has time on the Federal Correctional Institution (FCI) Terminal Island.
The 33-year-old was previously held in the Metropolitan Detention Center in Brooklyn, but the BOP moved him to a series of locations. FCI Terminal Island houses more than 900 male prisoners with low security.
Last month, Bankman-Fried was taken to the Federal Transfer Center in Oklahoma City, which houses prisoners transported by the prison system. He was then taken to a federal prison of average security in Victorville, California, for his subsequent relocation FCI Terminal Island.
The former Crypto Golden Boy was sentenced to 25 years in prison after he was found guilty of charges as a result of the abuse of FTX customer funds. The multi-billion dollar collapse of the crypto exchange marked the amount of the 2022 Digital Asset Bear market.
Bankman-Fried will be released in December 2044, but his parents take action to reduce his sentence.
Stanford Law School Professors Joseph Bankman and Barbara Fried reportedly meeting With people who were connected earlier this year with US President Donald Trump to discuss potential clementia for their son. However, political insiders do not think this will happen. A crypto lobbyist interviewed by Fortune said that the chance of a grace is ‘almost zero’.
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