SBF Giving Crypto Investment Tips While Behind Bars: NYT

• Sam Bankman Freed may be in prison, but the NYT reports that he’s still keeping his finger on the pulse of cryptocurrencies.
• According to reports, Bankman Freed shared cryptocurrency investment tips with prison guards. new york times.
• The disgraced FTX founder has been in a Brooklyn jail since August.

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Sam Bankman Freed may no longer be the golden boy of crypto, but the 31-year-old is reportedly still happy to give out investing tips. New York Times.

The Times reported on Tuesday, citing unnamed sources familiar with the matter, that Bankman Fried was giving cryptocurrency investment tips to prison guards and soliciting them to invest in the Solana cryptocurrency. Ta.

Bankman Freed’s representatives declined to comment on the Times report when asked for comment by BI.

Bankman Freed has been held since August at Brooklyn’s Metropolitan Detention Center, notorious for its poor living conditions.

Poor sanitation is probably not the only problem Bankman-Fried has to contend with. The inmate has no internet access and is only allowed a radio or his MP3 player. That could be a big problem for Bankman Freed, according to author Michael Lewis.

“It may sound crazy, but I think if he had the internet, he could survive forever in prison. If he didn’t have a constant flow of information to react to, he would lose his mind. I think I might go crazy,” Lewis wrote in the book. Talking about the rise and fall of FTX “Going Infinite” 60 minutes During October.

Bankman-Freed’s parents, Joseph Bankman and Barbara Freed, wrote a letter to the court asking for leniency in punishment for their son. Freed said in the letter that he was genuinely afraid for “Sam’s life in a typical prison environment.”

Fried said, “Sam’s outward demeanor, inability to read and respond appropriately to many social cues, and his touching but naive belief in the power of facts and reason to resolve conflicts “is putting them at extreme risk,” he wrote.

The FTX founder was found guilty of seven counts of fraud and conspiracy in November. Bankman Fried is scheduled to be sentenced on March 28th and could face up to 110 years in prison.

On Tuesday, Bankman Freed’s attorney Mark Mukasey said: Sentencing memorandum He said it would be “grotesque” and “barbaric” to sentence his client to 100 years in prison. Mukasey said Bankman-Freed should receive a shorter sentence of five to six-and-a-half years.

“A sentence that promptly returns Sam to a productive role in society is sufficient to comply with the sentencing objectives, but is not unduly severe,” Mukasey wrote.