Sam Bankman-Fried transferred out of Brooklyn prison

Published May 22, 2024 4:53pm ET



Sam Bankman-Fried, the founder of the FTX cryptocurrency exchange who was sentenced to 25 years in prison for fraud and conspiracy, was transferred out of a Brooklyn detention center on Wednesday and is likely on his way to a federal correctional facility in California.

The move to the West Coast goes against Bankman-Fried’s wishes of staying in New York while preparing for his appeal, the Wall Street Journal reported

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