- Former FTX CEO Sam Bankman-Fried is writing prison diaries while serving his 25-year sentence at Brooklyn’s Metropolitan Detention Center.
- The diaries detail daily life struggles including trading muffins for makeshift pillows and observations about fellow inmates.
- His father Joe Bankman is working with prison consultant Walter Pavlo to find publishers for the diaries.
- Due to an $11 billion forfeiture order, SBF cannot profit from potential book sales.
- The writings reveal SBF’s experiences with prison conditions, inmate dynamics, and contraband substances.
Sam Bankman-Fried, the former cryptocurrency executive serving 25 years for fraud, has documented his experiences at Brooklyn’s Metropolitan Detention Center in prison diaries, offering an insider’s view of life behind bars at the facility that previously housed Bernie Madoff and Jeffrey Epstein.
Prison Economics and Daily Struggles
The former FTX founder, who once commanded a $26.5 billion fortune in 2021, describes trading two muffins for a makeshift pillow constructed from mattress stuffings inside a t-shirt. This transaction exemplifies the micro-economy operating within the prison walls, where basic comforts become valuable commodities.
Prison commissary records show SBF spent $42.25 on a digital watch, representing approximately one-third of his available funds. For comparison, standard items like donut sticks cost $1.70, while Spam is priced at $1.55.
Legal Status and Publication Efforts
The diaries, currently being shopped to media outlets by prison consultant Walter Pavlo through SBF’s father Joe Bankman, face significant financial constraints. Due to the $11 billion forfeiture order connected to his fraud conviction, Bankman-Fried cannot receive any proceeds from potential publication, despite industry estimates suggesting the memoir could command a seven-figure advance.
Current prison privileges for Bankman-Fried include:
- Daily meetings with paralegals for appeal preparation
- Computer and internet access
- Regular video calls with family members
The manuscript details observations about fellow inmates, including their gambling habits and substance use. Bankman-Fried describes a prevalent drug called “deuce,” which enters the facility through paper soaked in the substance, though he maintains he does not participate in its use.
SBF’s accounts of prison life include detailed descriptions of facility conditions, inmate social dynamics, and the psychological impact of incarceration. His writings maintain a detached, observational tone while documenting the stark contrast between his previous life as a cryptocurrency executive and his current circumstances in federal custody.
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