Convicted for orchestrating a vast fraud at a major cryptocurrency exchange, he faces a lengthy prison term and hefty restitution orders.
On April 18, disgraced FTX founder Sam Bankman‑Fried was transferred to the low‑security Federal Correctional Institution Terminal Island in Los Angeles — renowned for once housing Al Capone and Charles Manson — after a brief stay at a medium‑security facility in San Bernardino County.
Sam Bankman‑Fried Moved to Los Angeles Prison
According to data from the Federal Bureau of Prisons, Bankman-Fried is currently housed at Terminal Island Federal Correctional Facility (FCI), which previously held cult leader Charles Manson, crime boss Al Capone and former Theranos COO Ramesh Balwani.
Bankman‑Fried was previously held at FCI Victorville, a prison in San Bernardino County that is known for being “violent” and “political.”
Just last month, Bankman-Fried was held at the Federal Transfer Facility in Oklahoma City, OK, before ultimately being transported to his home state of California.
Bankman-Fried’s shifting journey through federal prisons comes shortly after the one-time “king of crypto” gave a high‑profile interview behind bars to media personality Tucker Carlson.
SBF had previously drafted a Google Doc listing potential ways he could improve his public image after FTX’s collapse, including going on the misspelled “Tucker Carlsen” show and coming out as a Republican “against the woke agenda.”
Some legal commentators contend that Bankman‑Fried’s recent right‑leaning messaging could be an attempt to position himself for a potential pardon from former President Donald Trump.
Bankman-Fried Behind Bars With $11B Restitution Order
Bankman-Fried was convicted on multiple fraud charges in November 2023 for the dramatic crash of FTX after a month-long trial that saw numerous associates of the former crypto kingpin testify against him.
“He knew it was wrong,” Judge Lewis A. Kaplan said during Bankman-Fried’s sentencing in March 2024. “He knew it was criminal. He regrets making a bad bet against the likelihood of getting caught — he’s not going to admit a thing.”
SBF is currently serving a 25-year sentence and has been ordered to repay $11 billion for orchestrating the massive crypto scheme.
