Sam Bankman-Fried (SBF) revealed that in prison, rice has been transformed into a medium of exchange.

Despite the damage to his reputation, the FTX founder said he was not mistreated in prison and did not feel threatened for his safety. But whenever night falls, he is annoyed by being asked questions about the bags of rice they plan to use for exchange.

This is Sam Bankman-Fried's first detailed interview since he was imprisoned.

SBF** How to survive in prison: beans, rice and coins system**

Sam Bankman-Fried, FTX founder and co-founder of Alameda Research, convicted in November of wire fraud, money laundering and conspiracy, is currently serving his sentence at the Metropolitan Detention Center (MDC) in Brooklyn, where a new coin trading system has been developed.

Under the arrangement of his mother, Barbara Fried, SBF accepted Puck News's William Fried. An interview with William D Cohan, the former CEO of the FTX Crypto Assets trading platform, revealed to Puck News that he survived in prison on beans and bagged rice bought from prison stores, which has become a medium of exchange in the form of coins inside the prison.

Cohan was not allowed to use pen, paper, tape recorders, telephones, or watches during the interview, so his observations were recorded after the interview.

According to Cohan's estimates, SBF has lost about 25 pounds and appears to be in much healthier shape. This may be partly due to the fact that the vegetarian food he complained of was of such poor quality that he couldn't swallow it, and that his fellow inmates described it as smelling terrible.

Stick to the Appeal Plan

The convicted felon, while discussing his life in federal prison, insisted on his innocence and expressed plans to appeal the outcome of his conviction. SBF revealed to William D Cohan that he believes he was being used as a scapegoat in the FTX crash. He blamed the company's collapse on management's negligence, which made FTX more vulnerable to issues like bank bank runs and adverse effects from competitors.

SBF insisted that civil penalties should be imposed on the charges he faced for mishandling $8 billion of client funds. Cohan also observed that even after being found guilty, SBF still vehemently denied any criminal acts and considered himself innocent. SBF also stated that he believes he was not given the opportunity to fully communicate and consult with prosecutors.

On the FTX collapse, Sam Bankman-Fried (SBF) did not express repentance, but instead shifted the blame to the team of lawyers who took over FTX. He believes that it is these lawyers who are responsible for the eventual collapse of the company.