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Author: Jesse Coghlan, CoinTelegraph; Compiled by: Tao Zhu, Bitchain Vision
FTX co-founder Sam Bankman-Fried insists that he is not guilty despite being sentenced to 25 years in jail for fraud.While planning to appeal, he began to engage in commodity trading—that is, bagged rice.
SBF has spoken face to face to face with the media for the first time since being held at the Brooklyn Metropolitan Detention Center (MDC) in August 2023, and SBF was interviewed by Parker News for William Cohan in an interview published on May 9, SBFmother Barbara Fried participates.
The former FTX CEO’s diet was to eat vegan meals, and inmates thought the meals “smelled like shit” so he made a living with beans and rice — the latter “has become an MDCOne of the internal currencies”.
According to reports, the alumnus of the trading company Jane Street Capital and co-founder of Alameda Research, a trading company, said,Compared to his previous life as a high-frequency trader, the chances of arbitrage in prison are much better.
According to Parker, SBF “slimmed a lot”, lost 25 pounds (11 kg), “not so short and fat, no longer so manic, no longer so annoyed”, and no longer bags in the eyes.
In an interview, he looked Kohan in the eyes “almost always” — which he “seldom did” before — but the incarcerated founder admitted that he “became good at pretending” to do it himselfVery good.
Source: Tiffany Fong
SBF and 35 other male prisoners were isolated in an open dormitory-style large room.Half of these prisoners are reportedly murderers who work with the government.
He was reportedly bored to play games with only four TVs and a non-networked tablet.
He was not worried about his safety, but he didn’t sleep well because other prisoners woke him up and asked about his rice because they wanted to use them for ingestion.
SBF considers him a scapegoat
Last month, the SBF filed an application saying he was appealing a conviction of fraud and money laundering, which his attorney said he would do after being convicted in November.
Kehan said,He “talks with a new lawyer for about an hour almost every weekday,” and the prescription drugs he was approved to obtain gave him “a clear mind”.
The former exchange chief told Cohan that he was “destined to be a scapegoat for the FTX collapse” — his only mistake, he said, was negligence, which left FTX “invasive to bank runs and competitor misconduct.”situation.“Additional penalties would be civil penalties, not criminal penalties.
Kohan noted that the SBF “still not believe that it had committed any crime” and portrayed itself as an innocent participant with no chance to fully negotiate with the prosecutor.
He also “is not entirely apologized” for his conviction for helping to misappropriate approximately $8 billion in client funds.
SBF believes that if he continues to helm FTX, the company will not go bankrupt and become a thriving $80 billion company.
He added that after his lawyer convinced him to have a conflict of interest in running the trading company and FTX, he should work harder to find someone other than ex-girlfriend Caroline Ellison to lead Alameda, or simply ignore them and continue to run the two companies.
The SBF asked to stay at the MDC until he appealed in July.However, he can be transferred at any time and will likely be placed in a prison near his parents—California on the other side of the United States.
If this happens, he is reportedly likely to take a prison bus through the United States, which can take up to four months.
