đ„Hot off the press! Convicted crypto fraudster Sam Bankman-Fried is on the move! đ He's being relocated to a new prison, likely in sunny California, as he works on an appeal to overturn his charges.
The exact location remains a mystery đ”ïžââïž, but we know it's likely to be a medium-security prison. However, the judge who oversaw his trial recommended he stay in New York for easy access to appellate counsel.
The transfer could take over a month, so don't expect any quick updates. Remember, he was sentenced to 25 years in prison and ordered to forfeit a whopping $11 billion after being convicted of fraud, conspiracy, and money laundering.
His FTX exchange, once the world's third largest, went bust in November 2022 following a CoinDesk scoop. What are your thoughts on this saga? Let's discuss in the comments! đŁïž#CryptoNews #SamBankmanFried