FTX Founder SBF Moves to Calmer Terminal Island Facility After Notorious Victorville Stint

Sam Bankman-Fried, the disgraced founding father of cryptocurrency trade FTX, has been transferred to a brand new federal jail following his stint in one of many nation’s most infamous amenities.

The 33-year-old, who was sentenced in March 2024 to 25 years for orchestrating one of many largest monetary frauds in historical past, is now housed on the low-security Federal Correctional Establishment (FCI) Terminal Island in Los Angeles.

SBF’s Begins New Chapter

The newest transfer comes as a serious shift from his earlier location, the Victorville Medium II Federal Correctional Establishment in California, often known as “Victimville” for its violent and gang-driven inmate tradition. Bankman-Fried had beforehand been held at Brooklyn’s Metropolitan Detention Heart in addition to a switch heart in Oklahoma.

In contrast to Victorville, which is infamous for frequent stabbings and a harsh, race-based gang dynamic, Terminal Island presents a far calmer and fewer unstable atmosphere. Located alongside the waterfront in San Pedro, California, the power reportedly offers inmates with scenic views, higher meals, and entry to a variety of packages. Terminal Island’s provisions embody a regulation library, wellness initiatives, and vocational coaching in fields comparable to plumbing, welding, and cooking.

Inmates on the facility have spoken positively about its comparatively low degree of violence, with one supply noting that the jail is “by the water” and regarded a “wannabe political yard.”

Authorized Battle and Jail Stunt

The shift in Bankman-Fried’s environment doesn’t sign the top of his authorized battles. He continues to appeal his conviction, which incorporates expenses of wire fraud, securities fraud, and commodities fraud, and is actively searching for a pardon from US President Donald Trump.

SBF’s try and affect public notion features a high-profile interview with Tucker Carlson, performed whereas he was at Brooklyn’s MDC, which led to instant backlash and a stint in solitary confinement. In the meantime, Mark Botnick, a public relations strategist who had been representing the FTX founder, resigned after the stunt.

Terminal Island, which as soon as housed infamous mobster Al Capone, American felony and cult chief Charles Manson, and LSD advocate Timothy Leary, at the moment accommodates over 900 inmates, together with different convicted fraudsters like online game entrepreneur Mouli Cohen.