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Jailed Cryptocurrency Mogul Sam Bankman-Fried Is Trading A New Alternative Currency In Federal Prison

Published by
Benzinga

Few people in modern history have fallen faster than FTX Trading Ltd. Founder Sam Bankman-Fried, who went from a financial genius to a federal prisoner when his cryptocurrency exchange failed. Perhaps the most obvious reminder of that for Bankman-Fried is the alternative currency he has been reduced to trading in the federal penitentiary: canned mackerels. From Cryptocurrency To Canned Fish: A New Kind Of Alternative EconomyMicroeconomies exist everywhere, even in places where legal tender is not allowed. This is true for places like New York’s Metropolitan Detention Center, which currently ho…

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