The initial images of Sam Bankman-Fried, the founder of the defunct FTX exchange who has been convicted, have surfaced online from crypto influencer Tiffany Fong, who shared them via the social media platform X (formerly Twitter) on Feb. 20, labeling them as the "first and only" photos of him since his conviction.
In the photograph, Bankman-Fried, now disgraced, is seen wearing a beard while standing among five other inmates, one of whom is identified as G Lock, described by Fong as her "new inmate friend." The picture was reportedly taken on Dec. 17, 2023.
Observers within the crypto community noted that Bankman-Fried appeared to have lost weight, a claim supported by Fong, who stated that "[Bankman-Fried] has obviously lost some weight, and I've heard he's not showering very much. He's not as clean-shaven as he used to be, but he's obviously going through a lot right now."
Bankman-Fried has been incarcerated at the Metropolitan Detention Center since August 2023, following Judge Lewis Kaplan's decision to detain him on suspicion of attempting to influence witnesses.
According to CryptoSlate, which referenced federal inmate records, the Metropolitan Detention Center in New York is notorious for its dismal conditions, which include staffing shortages, staff corruption, power outages, infestations of cockroaches and rodents, substandard food, and dysfunctional toilets.
Awaiting Sentencing:
Despite his conviction, Bankman-Fried's sentencing is scheduled for March 28, during which the judge will consider various factors, such as the severity of his crimes and his personal background.
Bankman-Fried faces a potential sentence of up to 110 years in prison, having been found guilty on all seven charges. However, there is speculation surrounding the possibility of a reduced sentence, partly due to FTX's pledge to fully reimburse creditors.
Meanwhile, the prospects of defrauded FTX clients receiving restitution before Bankman-Fried's sentencing seem dim as the bankruptcy proceedings for the firm continue.
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