Sam Bankman-Fried had hoped to win freedom by making a long-shot bid for a presidential pardon. Instead, he began the next stage of his career as a federal inmate.
Earlier this week, the founder of the FTX cryptocurrency exchange was brought to the low-security prison at Terminal Island in Los Angeles. The 33-year-old former billionaire could spend years at the portside facility, which largely holds nonviolent offenders or those without a recent history of violence. He is set for release in December 2044, the Federal Bureau of Prisons website shows.
