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Maybe, it received’t matter now and issues may be completely different as soon as Sam Bankman-Fried settles himself in a detention facility outdoors of the Bahamas jurisdiction, the place he as soon as afforded particular therapy.
Bankman-Fried, FTX former CEO, is needed in the US after the collapse of his Bahamas-headquartered cryptocurrency empire. Two of his high lieutenants, Caroline Ellison and Gary Wang, pled responsible to fraud expenses on Wednesday.
Ellison is the chief government officer of Alameda Analysis, a crypto hedge fund owned by Bankman-Fried, and Wang is the co-founder and former chief technical officer of FTX.
Good Meals And Cable TV For Sam Bankman-Fried
Bloomberg experiences that SBF’s jail stint within the Bahamas has been pretty cozy. Opposite to the crypto neighborhood’s assumption, the report signifies that the disgraced FTX founder’s life in Fox Hill “has been about nearly as good because it will get.”
Throughout his eight-day incarceration, Bankman-Fried was remoted from the common inmates and granted distinctive privileges, together with entry to vegan meals and crossword puzzles.
In fact, crosswords are nothing in comparison with cable TV and air-conditioning, which he loved whereas others endure inhumane circumstances.
FTX founder Sam Bankman-Fried led in handcuffs to the airplane. Picture: Reuters/BBC.
As well as, the report revealed that different maximum-security cells throughout the jail are jampacked, rat- and maggot-infested, and lack the amenities of the sickbay, since detainees should steadily sleep on the ground.
The report added that Bankman-Fried had full entry to working water, a rest room, a bathe, and each day medical checkups.
The Bahamas had lengthy been the house of FTX. Bankman-Fried and his different VIPs labored in a multimillion-dollar loft. That is about to vary, although, as he’s going to set foot in the US.
Damian Williams, the U.S. legal professional for the Southern District of New York, said that Sam Bankman-Fried is within the custody of the Federal Bureau of Investigation and “on his method again” to the U.S. aboard a government-chartered flight.
Crypto complete market cap at $770 billion on the each day chart | Chart: TradingView.com
American Detention Cell Awaits The Former CEO
A SWAT crew, different experiences famous, was known as in to supervise his launch from jail. That merely says lots about how vital this man is. He’s accused of orchestrating the most important monetary rip-off in U.S. historical past.
Doan Clear, the commissioner answerable for Fox Hill, mentioned that Bankman-Fried appeared “relieved and optimistic” on the thought of touring to the U.S.
As he departed the correctional facility, SBF wished the personnel a “Merry Christmas,” the report added.
It’s anybody’s guess as this text was written what Christmas can be like for the (former?) billionaire tech wunderkind as he flies to the U.S. to “face the music.”
If discovered responsible of the fees, the 30-year-old Sam Bankman-Fried might be imprisoned for 115 years.
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