Bread, Water and Peanut Butter: Sam Bankman-Frieds Life in Jail

Logo The New York TimesThe New York Times
2023-09-05 21:31:11  • 5 mins

Mr. Bankman-Fried, founder of the failed cryptocurrency exchange FTX, has protested his conditions at Brooklyns Metropolitan Detention Center as he awaits trial on fraud charges.

A diet of bread, water and peanut butter. A laptop with no internet connection. And intermittent access to millions of pages of digital evidence.

Sam Bankman-Fried, the 31-year-old cryptocurrency mogul, has spent nearly a month at the Metropolitan Detention Center in Brooklyn since a federal judge revoked his bail last month. As Mr. Bankman-Fried prepares for a fraud trial on Oct. 2 over the collapse of his crypto exchange FTX, his lawyers have offered a picture of the conditions he has faced at the jail a far cry from the Bahamas penthouse he once shared with other billionaire executives.

On Tuesday, Mr. Bankman-Frieds lawyers and the prosecutors bringing the case against him are scheduled to submit a joint court filing discussing measures to help him prepare for his trial from the jail. The defense lawyers have argued in court filings that the jail conditions, especially a lack of internet service, are preventing Mr. Bankman-Fried from working on his case, while prosecutors have contended that they have made accommodations to help him.

Continue read on

Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide 2022 Best News Website or Mobile Service Digital Media Awards Worldwide 2022 NEW...
Logo Channel NewsAsiaChannel NewsAsia
2023-09-26 10:07:18  • 1 min
The disgraced crypto founder's lawyers continue to petition a judge that he cannot adequately prepare for his Oct. 3 trial.
Logo FortuneFortune
2023-09-26 08:26:09  • 1 min
The parents of FTX founder Sam Bankman-Fried are being sued for damages linked to the crypto company's collapse. In a filing, managers at the bankrupt firm...
2023-09-19 15:14:47  • 1 min
By Joe Tidy Cyber correspondent With the so-called "King of Crypto" about to go on trial for multiple fraud charges, one British man tells how the collapse...
2023-09-25 05:00:44  • 1 min
NEW YORK (AP) A federal appeals court in Manhattan seemed unreceptive Tuesday to arguments that FTX founder Sam Bankman-Fried should be released on bail...
Logo U.S. News & World ReportU.S. News & World Report
2023-09-19 23:30:31  • 1 min
( Kitco News ) - The debtors for the bankrupt FTX cryptocurrency exchange have filed a lawsuit against the parents of FTX founder and former CEO Sam...
Logo Kitco NEWSKitco NEWS
2023-09-19 16:25:19  • 2 mins
Key Points The mother of Sam Bankman-Fried is being accused of acting as a key advisor to her son and his allies when it came to their political campaign...
DOVER, Del. (AP) Lawyers for collapsed cryptocurrency exchange FTX Trading have filed a lawsuit accusing the parents of Sam Bankman-Fried of exploiting their...
Logo U.S. News & World ReportU.S. News & World Report
2023-09-19 18:58:24  • 1 min
Despite "knowing or blatantly ignoring" that FTX was insolvent or near insolvency, Allan Joseph Bankman and Barbara Fried discussed with their son, CEO Sam...
Logo American BankerAmerican Banker
2023-09-19 16:44:57  • 1 min
The FTX founder wrote hundreds of pages of reflections and self-justifications, shedding light on how he may defend himself at his criminal trial next month....
Logo The New York TimesThe New York Times
2023-09-14 21:09:16  • 2 mins
Key Points Bankrupt crypto exchange FTX is looking to claw back luxury property and "millions of dollars in fraudulently transferred and misappropriated...
2023-09-19 16:04:23  • 1 min
The lawsuit alleges that Bankman and Fried received $1,200/hr hotel rooms, Bahamas property, and a cameo in a Super Bowl commercial.
Logo FortuneFortune
2023-09-19 13:08:42  • 1 min
( Kitco News ) - The highly anticipated criminal trial of Sam Bankman-Fried begins in two weeks, on October 3. And while much of the media coverage in the...
Logo Kitco NEWSKitco NEWS
2023-09-22 22:17:24  • 2 mins
The FTX founder wrote hundreds of pages of reflections and self-justifications while under house arrest, shedding light on how he may defend himself at his...
Logo The New York TimesThe New York Times
2023-09-14 21:57:14  • 2 mins
The lawyers overseeing the bankrupt cryptocurrency exchange accused Joe Bankman and Barbara Fried of enriching themselves with money their son stole from...
Logo The New York TimesThe New York Times
2023-09-19 08:14:40  • 1 min
Key Points Matt Motil defrauded investors out of millions in an unsophisticated Ponzi scheme, the SEC alleged. Motil described himself as the "Cash Flow...
2023-09-25 23:42:43  • 1 min
Mr. Bankman-Fried and his allies have blasted Sullivan & Cromwell, the New York law firm managing FTXs bankruptcy, for its tangled relationship with the...
The allegations are part of a broader lawsuit from the FTX estate against Sam Bankman-Frieds parents, Joseph Bankman and Barbara Fried.
Logo FortuneFortune
2023-09-19 16:32:39  • 1 min
Adam Back, renowned cypherpunk and creator of Hashcash, made a bold statement on X this weekend, arguing that Bitcoin is poised to replace gold as the...
Logo NasdaqNasdaq
2023-09-25 17:35:57  • 1 min
Sandra Thompson, director of the Federal Housing Finance Agency, is expected to publish a much-anticipated report on the future of the Home Loan Bank system...
Logo American BankerAmerican Banker
2023-09-25 18:22:36  • 2 mins