Imprisoned FTX founder Sam Bankman-Fried has been on the move.

The former crypto executive was previously incarcerated in Brooklyn’s Metropolitan Detention Center, but Federal Bureau of Prisons (FBOP) data indicates he now resides at FTC Oklahoma City, a transfer center that temporarily houses inmates being transported through the prison system.

No reason for Bankman-Fried’s transfer was provided, but the FTX founder did recently conduct an unauthorized YouTube interview with conservative media personality Tucker Carlson. The New York Times, citing “a person briefed on the situation,” reported earlier this month that the unsanctioned conversation landed Bankman-Fried in solitary confinement.

The FTX founder reportedly interviewed with Carlson as part of a longshot effort to secure a pardon from President Donald Trump.

Crypto lobbyists are doubtful the disgraced FTX founder’s efforts will be successful, with one telling Fortune that Bankman-Fried had a “near zero” chance of landing the pardon.

FTX imploded and filed for bankruptcy in November 2022 amid accusations that Bankman-Fried mishandled the exchange’s funds by loaning out billions of dollars’ worth of customer deposits to Alameda Research, the firm’s trading arm.

The exchange’s multi-billion dollar collapse led to a sharp downtick in crypto prices, and US federal authorities arrested Bankman-Fried the following month.

A US judge sentenced the FTX founder to 25 years in prison last year after he was convicted of fraud charges in 2023. His current release date is scheduled for November 17th, 2044, per FBOP data.

Earlier this year, Bankman-Fried’s parents, Stanford Law School professors Joseph Bankman and Barbara Fried, reportedly met with lawyers and other figures considered close to Trump to discuss potential clemency for their son.

Joseph Bankman even penned an opinion piece in the Washington Post (with Berkeley law professor Mark Gergen) praising Trump’s plan for a US sovereign wealth fund.

Trump pardoned Silk Road creator Ross Ulbricht in January, fulfilling a campaign promise to Libertarian voters. Bankman-Fried, however, has much less grassroots support than Ulbricht.

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post Imprisoned FTX Founder Sam Bankman-Fried Moved From New York To Transfer Facility in Oklahoma appeared first on The Daily Hodl.

Imprisoned FTX founder Sam Bankman-Fried has been on the move.

The former crypto executive was previously incarcerated in Brooklyn’s Metropolitan Detention Center, but Federal Bureau of Prisons (FBOP) data indicates he now resides at FTC Oklahoma City, a transfer center that temporarily houses inmates being transported through the prison system.

No reason for Bankman-Fried’s transfer was provided, but the FTX founder did recently conduct an unauthorized YouTube interview with conservative media personality Tucker Carlson. The New York Times, citing “a person briefed on the situation,” reported earlier this month that the unsanctioned conversation landed Bankman-Fried in solitary confinement.

The FTX founder reportedly interviewed with Carlson as part of a longshot effort to secure a pardon from President Donald Trump.

Crypto lobbyists are doubtful the disgraced FTX founder’s efforts will be successful, with one telling Fortune that Bankman-Fried had a “near zero” chance of landing the pardon.

FTX imploded and filed for bankruptcy in November 2022 amid accusations that Bankman-Fried mishandled the exchange’s funds by loaning out billions of dollars’ worth of customer deposits to Alameda Research, the firm’s trading arm.

The exchange’s multi-billion dollar collapse led to a sharp downtick in crypto prices, and US federal authorities arrested Bankman-Fried the following month.

A US judge sentenced the FTX founder to 25 years in prison last year after he was convicted of fraud charges in 2023. His current release date is scheduled for November 17th, 2044, per FBOP data.

Earlier this year, Bankman-Fried’s parents, Stanford Law School professors Joseph Bankman and Barbara Fried, reportedly met with lawyers and other figures considered close to Trump to discuss potential clemency for their son.

Joseph Bankman even penned an opinion piece in the Washington Post (with Berkeley law professor Mark Gergen) praising Trump’s plan for a US sovereign wealth fund.

Trump pardoned Silk Road creator Ross Ulbricht in January, fulfilling a campaign promise to Libertarian voters. Bankman-Fried, however, has much less grassroots support than Ulbricht.

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post Imprisoned FTX Founder Sam Bankman-Fried Moved From New York To Transfer Facility in Oklahoma appeared first on The Daily Hodl.