United States officers have returned former cryptocurrency alternate FTX CEO Sam “SBF” Bankman-Fried to the Metropolitan Detention Middle (MDC) in Brooklyn after a quick stint at a switch facility in Oklahoma.
As of June 4, inmate information for the Federal Bureau of Prisons confirmed that Bankman-Fried was being held at MDC Brooklyn after roughly every week on the Federal Switch Middle in Oklahoma Metropolis. Many speculated that authorities supposed to switch the previous FTX CEO to a San Francisco Bay Space jail close to his dad and mom’ California house.
It’s unclear what led to SBF’s return to New York. His legal professionals had requested that the previous FTX CEO remain at MDC Brooklyn to help in his attraction of his conviction and sentencing. Decide Lewis Kaplan of the U.S. District Courtroom for the Southern District of New York — who oversaw SBF’s felony trial and sentencing — additionally really useful that he keep within the state.
In November 2023, a jury convicted Bankman-Fried of seven felony counts associated to the misuse of buyer funds at FTX and Alameda Analysis. In March, Decide Kaplan sentenced SBF to 25 years in jail. Bankman-Fried’s authorized group filed a notice to appeal on April 11. On the time of publication, no filings appeared on the courtroom docket suggesting on what grounds SBF supposed to attraction.
Bankman-Fried was one of many solely people tied to the collapse of FTX and Alameda to plead not responsible and face a jury. On Might 28, Decide Kaplan sentenced Ryan Salame, the previous co-CEO of Bahamas-based FTX Digital Markets, to 90 months in jail. Different former executives concerned within the alternate’s collapse — Caroline Ellison, Gary Wang and Nishad Singh — have pleaded responsible and await sentencing.
Virtually instantly following his sentencing hearing, Salame posted on social media platform X for the primary time since November 2022. He has suggested that he publish a “full memoir of [his] time at FTX and Alameda.” In distinction, Bankman-Fried has not posted to X since January 2023 and barely spoke to the media amid his trial.
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After being sentenced to four months in prison for violating U.S. cash laundering legal guidelines, former Binance CEO Changpeng Zhao reported to the Federal Correctional Establishment in Lompoc, California. Zhao suggested he plans to “write one thing” throughout his incarceration, anticipated to finish by October 2024.
Alex Mashinsky would be the subsequent once-prominent determine within the crypto area to face felony fees after SBF and Zhao. The previous Celsius CEO’s felony trial will start in January 2025.
Journal: ‘Less flashy’ Mashinsky set for less jail time than SBF: Inner City Press, X Hall of Flame
