This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Sam Bankman-Fried, the former CEO of FTX, is currently awaiting his indictment in a cell at the MDC. He was convicted by a jury and could face up to 120 years in prison. While in prison, Bankman-Fried is sharing a cell with Juan Orlando Hernández, the former president of Honduras, and Genaro García Luna, Mexico’s ex-secretary of public security. Despite his current situation, Bankman-Fried is considered lucky to have these cellmates, as the MDC houses more violent offenders. In preparation for his sentencing, Bankman-Fried has been adapting to a new financial system based on prison commissary items. He has been stocking up on mackerel packets, which are commonly used as a store of value in prison. Bankman-Fried used four mackerel packets to pay for a haircut, which Martin Shkreli criticized as an overpayment. The cost of mackerel packets has increased by 30% in the past three years. Despite this inflation, mackerel is still considered a more stable currency than crypto. Additionally, mackerel has the advantage of being a store of value for Bankman-Fried, who follows a vegan diet. He has reportedly been served vegan meals instead of peanut butter sandwiches.