Skip to main content

Report: Bankman-Fried Trades Mackerel for a Haircut, Shares Dorm With Ex-Honduran President

Report: Bankman-Fried Trades Mackerel for a Haircut, Shares Dorm With Ex-Honduran President

Sources close to the situation have revealed that FTX’s founder, Sam Bankman-Fried, is adapting to his new life at the Metropolitan Detention Center in Brooklyn, New York. Insiders indicate that Bankman-Fried is becoming familiar with the prison’s unique economy, having reportedly exchanged mackerel packets for a haircut.

From Trading Crypto to ‘Mack Packs’ — Bankman-Fried’s New Currency in Prison Life

Recently, inside sources have reported on former FTX chief Sam Bankman-Fried‘s adjustment to prison life. Following the revocation of his bail due to allegations of witness tampering, Bankman-Fried was confined to the Metropolitan Detention Center (MDC) in Brooklyn, New York. Since his conviction in November 2023, he has been residing there, currently awaiting sentencing after being convicted on seven distinct federal charges.

According to a Wall Street Journal (WSJ) report by James Fanelli and Corinne Ramey, sources “familiar with the matter” reveal that Bankman-Fried has discovered the unique currency of mackerel packets in prison. These sources allege that Bankman-Fried, the former crypto executive, has adapted by using “mack packs” as payment for services like a haircut while incarcerated at MDC.

Mackerel packets have been a standard form of currency among prisoners since 2004, following the ban on cigarettes in federal prisons, thus elevating mack packs to the preferred trading medium. It is well documented that these mackerel packets, valued at roughly $1 in the prison commissary, can fetch a higher price due to their scarcity.

Prisoners are generally limited to buying 14 packets per week. Inmates typically keep their mack packs in personal storage areas such as lockers or designated spaces in their living quarters. Besides being prison-money, canned mackerel has become a hot commodity globally in recent times, and it is estimated to be a $1.5 billion business by 2031.

Canned mackerel in oil is highly regarded for its flavor, quality, and longevity in terms of shelf life. When unopened and stored correctly, this type of canned mackerel can retain its peak quality for three to five years. Conversely, even an opened can of mackerel, if stored under proper conditions, can preserve its optimal quality for about 3 months.

In an intriguing twist, the WSJ further reports that Bankman-Fried has been offering crypto trading advice to correctional officers at MDC. Additionally, he is reportedly sharing a dormitory with former Honduran president Juan Orlando Hernández, who is accused of accepting bribes from cocaine traffickers. This surprising pairing puts Bankman-Fried in close quarters with a prominent figure in international politics and alleged criminal activity.

What do you think about Bankman-Fried dealing in mack packs these days? Share your thoughts and opinions about this subject in the comments section below.



from Bitcoin News https://ift.tt/pgiO6F0
Labels:

Comments

Post a Comment

Popular posts from this blog

Wallet Bot on Telegram Adds Bitcoin Support to Web Interface Following Tether Integration 

Telegram users can now buy, sell, and send bitcoin, as the leading cryptocurrency has been integrated into the Wallet bot on the popular messaging application. The bitcoin support follows the wallet’s recent tether integration, which enables users to transact with the stablecoin as well. Over a Billion Telegram Users Can Now Transfer Bitcoin in Chats On Friday, April 21, the @wallet bot on Telegram announced the addition of bitcoin (BTC) support to its web interface. The development team explained that previously, the leading cryptocurrency by market capitalization was only accessible in the text bot. “Now, all @wallet users will be able to take full advantage of our web interface,” the announcement on Telegram details. Telegram is extremely popular among cryptocurrency users, and according to a report from April 2023, the messaging app has an estimated 1.068 billion users. Bitcoin.com News confirmed that BTC has been added, as our publication tested the @wallet bot on Telegram...
Post a Comment
Read more

Bitcoin ETFs Snap 10-Day Streak: $93M Flees as Fidelity’s FBTC Takes the Hit

Data compiled Friday revealed a striking reversal for spot bitcoin exchange-traded funds, which snapped a ten-session inflow streak with a $93.16 million exodus—marking their first day of negative movement. Bitcoin ETFs Drain While Ether ETFs Gain The abrupt shift punctuated a previously unbroken stretch of positive momentum for U.S. bitcoin ETFs, culminating in a $93.16 […] from Bitcoin News https://ift.tt/Q1xgKWA
Post a Comment
Read more

BLUR Token Plummets Over 28% in March, Despite Blur’s Dominance in NFT Sales Market

While the non-fungible token marketplace Blur has captured a significant amount of the market share in terms of NFT sales, the market’s native token, BLUR, lost more than 28% in value last month. At present, BLUR tokens are down more than 88% since the crypto asset’s all-time high recorded on February 14, 2023. Blur’s Native Token Slides 28% Against the Greenback in 30 Days The NFT marketplace Blur has captured a majority of the NFT sales over the past month, according to metrics from dappradar.com. Additionally, according to data from Dune Analytics, Blur’s market share in terms of volume over the past week was 71%. The Dune Analytics dashboard, created by @hildobby, shows that over the past week, Blur accounted for 42% of trades, while the NFT marketplace Opensea accounted for 48.3%. In terms of trader count this past week, Opensea outpaced Blur, with over 89,000 traders compared to Blur’s 39,000. While the marketplace has been competitive, Blur’s native token, BLUR , suffered...
Post a Comment
Read more