“Digital Currency”

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.

After the spectacular collapse of his cryptocurrency exchange, Sam Bankman-Fried opened a Google Doc and started brainstorming a plan to resuscitate his public image.

“These are all random probably bad ideas,” the FTX founder wrote.

The collection of 19 bullet points ranged from portraying himself as “extremely pro crypto, pro freedom” to sending out a poll on Twitter soliciting advice. But it was No. 3 on the disgraced mogul’s list of strategies that looked like the most improbable suggestion of them all: going on Tucker Carlson’s show and coming out as a Republican.

Sam Bankman-Fried thrown in solitary confinement after unauthorized interview with Tucker Carlson: report

Sam Bankman-Fried is doing 25 years behind bars, and is now sharing a cell block with Diddy. He joins us from prison for an update on his new life.

(0:00) What Has Prison Been Like?
(2:28) Was SBF Ever on Adderall?
(4:42) SBF Meeting Diddy in Prison
(7:01) How Prison Has Changed… pic.twitter.com/mNSNktLibg

— Tucker Carlson (@TuckerCarlson) March 6, 2025

The U.S. Department of Justice has charged a 22-year-old Canadian math whiz in connection with what it calls “cryptocurrency hacking schemes” that allegedly netted him US$65-million in digital tokens.

Andean Medjedovic, who at 19 had already completed a master’s degree in mathematics at the University of Waterloo, is accused of exploiting vulnerabilities in decentralized financial platforms and then laundering the proceeds of those schemes, according to the indictment unsealed on Monday.

Mr. Medjedovic went into hiding in 2021, according to Ontario court documents.

The hunt for a Bulgarian “cryptoqueen” wanted over one of the world’s biggest cases of fraud has spread to South Africa.

Ruja Ignatova, a Bulgarian citizen who was educated at Oxford, is the only woman on the FBI’s top 10 most-wanted list.

She allegedly swindled £3.6 billion out of millions of investors as part of a scam involving the fake cryptocurrency OneCoin.

He was a poster boy for cryptocurrency whose sudden ascent to stratospheric wealth was matched only by his downfall, as his financial empire fell to pieces and he found himself in a federal prison.

Now Hollywood studios are lining up to tell the story of Sam Bankman-Fried, the disgraced former-billionaire who stole $8 billion from investors and customers of FTX, the trading exchange he founded, that he had promised was a safe way to buy and sell bitcoin and other cryptocurrencies.

Caroline Ellison was sentenced to 24 months in prison by a federal judge for her role in the FTX collapse, despite helping prosecutors in the conviction of Sam Bankman-Fried, her former boss and boyfriend.

US District Judge Lewis Kaplan on Tuesday imposed the two-year sentence on the 29-year-old, calling Ellison’s cooperation “remarkable” and praising her testimony during the fraud trial. But Kaplan noted that the case was one of the “most serious” financial frauds ever committed and that her cooperation can’t be a “get out of jail free card.”

The 11 Billion is just for show.