Sam Bankman-Fried, the former billionaire and co-founder of the collapsed FTX crypto exchange, is reportedly writing a prison memoir while serving his 25-year sentence. He has shared excerpts of his writings through his father in hopes of finding a publisher. However, Bankman-Fried will not profit from the memoir due to an $11 billion forfeiture he faces as part of his sentencing, which prioritizes compensating FTX crypto exchange victims. The memoir provides insights into his life behind bars, including his adaptation to prison conditions and relationships with fellow inmates. Bankman-Fried reflects on the psychological toll of confinement and discusses the prevalence of a smuggled drug in prison. The memoir also touches on his childhood and his motivations for publishing the book remain unclear.



Other News from Today