The crypto buying and selling days of former FTX CEO Sam Bankman-Fried are over, and the just lately convicted founder has discovered a brand new factor to industry whilst in prison — fish. The Wall Boulevard Magazine reported on Nov. 23 that Bankman-Fried just lately traded 4 packets of Mackerel — identified in jail as “macks” — for a haircut ahead of his legal trial remaining month.Mackerel packets have risen to be the most up to date buying and selling commodity in United States prisons since tobacco merchandise have been banned. Postage stamps and soup packets — “soups” — respectively come 2d and 3rd at the price hierarchy. The commissary of the Metropolitan Detention Middle (MDC) the place Bankman-Fried is housed sells mackerel packets for $1.30.Bankman-Fried is sharing a cellular on the Brooklyn jail with former Honduran president Juan Hernández and a former senior Mexican police officer, assets accustomed to the subject advised The Magazine.Social media pundits wondered the legitimacy of the studies and debatable tech determine Martin Shkreli referred to as “pharma bro” — who spent greater than 4 years in federal jail — showed macks have been a staple foreign money in U.S. jails. In a Nov. 24 submit on X (previously Twitter), Shkreli claimed paying 4 macks for a haircut was once a “rip off” however famous it was once nonetheless not up to paying any person a ebook of stamps. Comparable: FTX Basis staffer fights for $275K bonus promised through SBFShkreli defined within the MDC that the marketplace for macks was once greater than stamps in comparison to an ordinary state federal jail however warned towards preserving too many mack packs, pronouncing any longer than 500 turns into suspicious.4 mack is a ripoff. however if you are stunting you may toss homie a ebook (a ebook of stamps).in MDC mac spot marketplace is larger than stamp spot marketplace. in jail jail, stamp spot marketplace is extra liquid. mac could be very dense and its suspicious to be preserving 500 macs. then again, it is…— Martin Shkreli (e/acc) (@wagieeacc) November 23, 2023
As a vegan, Bankman-Fried wouldn’t devour mackerel, making them a extra simply traded commodity for the just lately convicted former billionaire. On Nov. 21, the court docket of appeals denied Bankman-Fried’s request to be launched from jail whilst he awaits his sentencing listening to, lately scheduled for March 28 subsequent yr.Bankman-Fried was once discovered accountable of 7 fraud- and cash laundering-related fees on Nov. 2.Mag: That is your mind on crypto — Substance abuse grows amongst crypto buyers
