Sam Bankman-Fried says rice is ‘one of the currencies’ behind bars

Sam Bankman-Fried has swapped crypto for a new kind of currency behind bars: bags of rice.

The disgraced FTX founder has been jailed at Brooklyn’s Metropolitan Detention Center as he waits to be transferred to a federal prison to serve a 25-year sentence.

Bankman-Fried was convicted for wire fraud, money laundering and conspiracy last year.

The 32-year-old fallen crypto king said that rice “has become one of the currencies of the realm inside MDC,” during his first jailhouse interview, given to Puck News.

“The arbitrage opportunities (on rice) in jail were better than anything he experienced trading crypto,” Bankman-Fried told William D. Cohan during the wide-ranging, 75-minute interview published Thursday.

Source: Sam Bankman-Fried says rice is ‘one of the currencies’ behind bars