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Sam Bankman-Fried being transferred to new prison in Calif., overriding request to stay in Brooklyn

in Business
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FTX founder Sam Bankman-Fried was transferred to a new prison.
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Sam Bankman-Fried is going to be transferred from a New York lock-up to one in California, against his wishes, according to a report.

The convicted crypto-cook – who is appealing his 25-year prison sentence – is in the process of leaving Brooklyn Federal Metropolitan Detention Center for a prison in Mendota, California, sources told the Wall Street Journal.


FTX founder Sam Bankman-Fried was transferred to a new prison. AP

Bankman-Fried, 32, wanted to remain in the Big Apple so he could help prepare his appeal of the conviction that found he stole $8 billion from customers of the now-defunct FTX cryptocurrency exchange.

This is a breaking event, please refresh for updates.

[Notigroup Newsroom in collaboration with other media outlets, with information from the following sources]

Tags: Businesscryptocurrencyfraudftxsam bankman-friedUS News
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