The crypto buying and selling days of former FTX CEO Sam Bankman-Fried are over, and the lately convicted founder has discovered a brand new factor to commerce whereas in jail — fish.
The Wall Avenue Journal reported on Nov. 23 that Bankman-Fried lately traded 4 packets of Mackerel — recognized in jail as “macks” — for a haircut earlier than his felony trial final month.
Mackerel packets have risen to be the most popular buying and selling commodity in United States prisons since tobacco merchandise have been banned. Postage stamps and soup packets — “soups” — respectively come second and third on the worth 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 cell on the Brooklyn jail with former Honduran president Juan Hernández and a former senior Mexican police officer, sources accustomed to the matter informed The Journal.
Social media pundits questioned the legitimacy of the reviews and controversial tech determine Martin Shkreli generally known as “pharma bro” — who spent greater than 4 years in federal jail — confirmed macks have been a staple forex in U.S. jails.
In a Nov. 24 submit on X (previously Twitter), Shkreli claimed paying 4 macks for a haircut was a “rip off” however famous it was nonetheless lower than paying somebody a ebook of stamps.
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Shkreli defined within the MDC that the marketplace for macks was bigger than stamps in comparison with an everyday state federal jail however warned in opposition to holding too many mack packs, saying any greater than 500 turns into suspicious.
4 mack is a ripoff. however in case you’re stunting you’d toss homie a ebook (a ebook of stamps).
in MDC mac spot market is greater than stamp spot market. in jail jail, stamp spot market is extra liquid. mac could be very dense and its suspicious to be holding 500 macs. nevertheless, it is…
— Martin Shkreli (e/acc) (@wagieeacc) November 23, 2023
As a vegan, Bankman-Fried wouldn’t eat mackerel, making them a extra simply traded commodity for the lately convicted former billionaire.
On Nov. 21, the court docket of appeals denied Bankman-Fried’s request to be launched from jail whereas he awaits his sentencing listening to, at the moment scheduled for March 28 subsequent 12 months.
Bankman-Fried was discovered responsible of seven fraud- and cash laundering-related costs on Nov. 2.
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