The Wall Street Journal published an update on the prison living conditions of <a href="https://cryptoslate.com/people/sam-bankman-fried/">Sam Bankman-Fried</a>, FTX’s co-founder and ex-CEO, on <a href="https://www.wsj.com/finance/currencies/sam-bankman-frieds-life-behind-bars-crypto-tips-and-paying-with-fish-858097c6?st=qlb7okwrhbjcjof&amp;reflink=article_copyURL_share">Nov. 23</a>. 
The newspaper said that Bankman-Fried has been placed in a dormitory with Juan Orlando Hernández, a former Honduran president who is awaiting trial over acceptance of bribes from drug traffickers. Both appear to be on good terms: Hernández’s lawyer said that the two inmates have held “cordial conversations.” 
Also in the same unit is Genaro García Luna, a former head of police in Mexico who was recently convicted of helping cartels smuggle cocaine into the U.S. 
The Wall Street Journal added that Bankman-Fried’s difficulties in accessing vegetarian meals and ADHD medication in prison have been resolved. 
It noted that Bankman-Fried is allowed to see non-attorney vistors once a week. He has also been granted access to a special laptop for the review of legal documents, though his computer use is restricted to a dedicated room with divider desks. 
Bankman-Fried’s spokesperson, Mark Botnick, told the newspaper that the former <a href="https://cryptoslate.com/companies/ftx/">FTX</a> executive is doing the “best he can under the circumstances.” 
<h2 id="bankman-fried-involved-in-prison-economy">Bankman-Fried involved in prison economy</h2> 
The Wall Street Journal additionally said that Bankman-Fried is trading mackerel packets with other inmates in exchange for services. He reportedly traded an unknown amount of mackerel for a haircut prior to his trial in November. 
Mackerel packets — which are individually worth about $1.30 — became a de facto prison currency after federal smoking bans eliminated cigarettes as a viable alternative. (Incidentally, another former cryptocurrency convict, Charlie Shrem, has <a href="https://medium.com/@cshrem/a-geek-in-prison-part-13-mackerelcoin-my-socioeconomic-observations-of-prison-ebc057a83e1d">previously commented</a> on the economics of prison mackerel trading.) 
Bankman-Fried has also provided advice regarding cryptocurrency investment to guards, according one of the Wall Street Journal’s unnamed sources. 
<h2 id="sbf-will-be-moved-after-sentencing">SBF will be moved after sentencing</h2> 
Bankman-Fried is currently housed in the Metropolitan Detention Center, Brookyln, which is notorious for its poor conditions. He will be transferred to a federal prison to serve his full sentence. There, he will likely receive greater freedom of movement, better educational and recreational resources, and company with less violent prison population, according to a prison consultant cited by the Wall Street Journal. 
Bankman-Fried has been <a href="https://cryptoslate.com/sbf-found-guilty-on-all-7-charges/">convicted</a>, but has not yet been sentenced, for his role in FTX’s fraud. His sentencing is set for March 28, 2024 following a second trial that will handle charges of campaign finance fraud and bribery of Chinese officials. 
Bankman-Fried’s current maximum sentence is 115 years in prison, though some experts have suggested he will be imprisoned for <a href="https://cryptoslate.com/sbf-will-likely-serve-25-years-rather-than-max-sentence-former-doj-prosecutor-says/">25 years or less</a>. 
The post <a href="https://cryptoslate.com/sbf-housed-with-ex-honduras-president-in-jail-is-trading-mackerel-and-giving-crypto-tips/">SBF housed with ex-Honduras president in jail, is trading mackerel and giving crypto tips</a> appeared first on <a href="https://cryptoslate.com">CryptoSlate</a>.

SBF housed with ex-Honduras president in jail, is trading mackerel and giving crypto tips

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