Experts weigh in on the move of Sam Bankman-Fried, the disgraced FTX co-founder convicted of fraud, to a lower-security US prison in California.
Sam “SBF” Bankman-Fried, the disgraced co-founder of collapsed cryptocurrency exchange FTX, to a low-security US federal correctional institution
Bankman-Fried was moved to the low-security Terminal Island federal correctional institution. Previously, he was located at the Victorville medium-security facility, a notoriously violent place, according to prison consultant firm Elizabeth Franklin-Best.
Samuel Goldfaden, a partner at the crypto-centric lawfirm, DLT Law told Cointelegraph that while his previous facility was violent, BankmanFried had been held in a safer part of the facility, adding:
