Sam Bankman-Fried’s Life Behind Bars: Crypto Tips and Paying With Fish – WSJ

Sam Bankman-Fried, convicted of fraud in the meltdown of FTX, has traded in crypto for a new currency: mackerel.

The fallen crypto king, who is cooling his heels at Brooklyn’s Metropolitan Detention Center while he awaits sentencing for seven felony offenses, has learned the fundamentals of prison economics while sharing a dormitory with a former Honduran president awaiting criminal trial and a recently convicted former top cop of Mexico, people familiar with the matter said.

Mackerel has replaced cigarettes as a favored federal jailhouse currency after officials banned smoking, and inmates sometimes use pouches of the preserved fish purchased in a commissary to pay for services from one another. Bankman-Fried traded some pouches of macks, as they are known, to a fellow inmate for a haircut of his signature moptop ahead of his trial, one of the people said.

Source: Sam Bankman-Fried’s Life Behind Bars: Crypto Tips and Paying With Fish – WSJ