Source: Cointelegraph Original: "{title}"
Former FTX CEO Sam "SBF" Bankman-Fried has been transferred from a transitional facility to a prison in California that once housed the notorious gangster Al Capone.
According to the Federal Bureau of Prisons website, officials briefly moved Bankman-Fried from the federal transfer center in Oklahoma City to a federal correctional institution in Victorville, before transferring him to a facility on Terminal Island in Los Angeles, California. This federal prison has housed criminals like former Theranos COO Ramesh Balwani and Capone, who were convicted of tax evasion in 1931.
During the trial in 2023 and after being convicted of seven felonies in 2024, Bankman-Fried was held at the Metropolitan Detention Center in New York. However, after he was interviewed by right-wing political commentator Tucker Carlson, officials transferred the former FTX CEO to a prison in California—an action that was reportedly taken without authorization.
It remains unclear whether Bankman-Fried will stay at the California facility until his expected release date in 2044. A New York judge initially allowed SBF to remain in the state to assist in appealing his conviction and sentencing—a process that may be affected by the former FTX CEO's current location.
Moving right for a pardon?
Since President Trump took office, reports have suggested that Bankman-Fried may be trying to reach out to right-wing supporters in hopes of seeking a presidential pardon. Silk Road founder Ross Ulbricht received a pardon in the early days of Trump's presidency—reportedly to garner support from libertarians in the election—Ulbricht is expected to appear at the Bitcoin conference in Las Vegas in 2025.
Other former FTX executives, including Caroline Ellison and Ryan Salame, remain incarcerated in different facilities and have largely not appeared in the news since their imprisonment. FTX co-founder Gary Wang and former engineering director Nishad Singh are the only two in the initial indictment who were sentenced to time served rather than incarceration.
Related: Report says public mining companies sold over 40% of Bitcoin in March.
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