Disgraced FTX Co-Founder Placed On Suicide Watch In Prison, Reveals Former Inmate
01 Dezember 2023 - 10:00PM
NEWSBTC
Sam Bankman-Fried, the co-founder of the FTX crypto exchange, who
was recently found guilty of multiple counts of criminal fraud,
reportedly faced a harrowing experience while incarcerated.
According to a former mobster turned federal informant, Gene
Borrello, who shared a prison cell with Bankman-Fried, the
disgraced crypto executive was placed on suicide watch and endured
challenging conditions during his time at Brooklyn Metropolitan
Detention Center (MDC) while awaiting sentencing next year. FTX
Co-Founder Subjected To Extortion The details emerged during an
interview with crypto blogger Tiffany Fong, where Borrello
disclosed the troubling circumstances surrounding Bankman-Fried’s
imprisonment. The former detainee recounted how Bankman-Fried
was subjected to suicide watch, extortion attempts, and even
periods of self-neglect, including refusing to eat or shower for
several days. Related Reading: Bitcoin ETF Approval Date Hinted By
Expert: SEC Decision Expected January 5th – 10th, 2024 In an
attempt to protect Bankman-Fried from potential harassment or
extortion, authorities segregated him from gang members within the
prison facility. However, despite these precautions, Borrello’s
intervention reportedly foiled an extortion plot against the crypto
mogul. Borrello further revealed that he prevented the
extortionists from coercing Bankman-Fried into sharing a bunk with
them, placing the FTX co-founder in a solitary wing. Additionally,
Bankman-Fried’s parents reportedly requested his transfer to the
solitary unit to ensure his safety. Drastic Change In Prison?
Describing the physical and emotional toll on Bankman-Fried,
Borrello highlighted the crypto executive’s frail appearance,
likening it to that of an elderly man. Borrello stated on the
matter: He has the body of an 80-year-old man. He has, like, no
shape to him. When he talks to you, he puts his head down; he’s
very timid, he talks very nervously. Borrello also noted
Bankman-Fried’s timid demeanor, with the co-founder displaying
signs of nervousness during interactions. In one
conversation, Borrello confronted Bankman-Fried, stating that he
had never been in a physical altercation before and questioned his
association with gang members. As reported by our sister site,
Bitcoinist, Bankman-Fried received unique treatment in prison,
where he allegedly received special privileges for sharing
cryptocurrency-related information with prison guards and fellow
inmates. However, Borrello’s account offers a contrasting
perspective, emphasizing the challenges and vulnerabilities the
disgraced executive faced behind bars. Related Reading: Cardano
(ADA) Retests Major Resistance Wall, Will Break Happen? As
Bankman-Fried’s sentencing approaches, his time in prison,
including allegations of bullying and the ultimate impact on his
legal proceedings, continues to draw attention. The
revelations from Borrello’s interview provide a rare glimpse into
the world of the disgraced FTX co-founder, and it remains to be
seen what other revelations may be made in prison for Bankman-Fried
as his sentencing trial looms in 2024. At present, the native token
of FTX, FTT, is trading at $4.0997, indicating a decrease of 2.8%
in the past 24 hours. However, it is noteworthy that the token has
experienced a substantial surge of 216% year to date. Featured
image from Shutterstock, a chart from TradingView.com
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