Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Sam Bankman-Fried is being relocated to a new prison, likely in California, as he works on an appeal to overturn charges.
The transfer process is expected to be slow, and the exact location of the new prison is undisclosed. Convicted crypto fraudster Sam Bankman-Fried is being moved to a new prison away from New York as he works on an appeal to overturn charges, per a The location of the new prison is undisclosed as of early Thursday but is thought to be in California, WSJ said. He is likely to be placed in a medium-security prison.
However, the judge who oversaw Bankman-Fried's trial issued an order that recommended he be kept jailed in New York"to facilitate access to appellate counsel."In March, the crypto mogul was sentenced to 25 years in prison and ordered to forfeit $11 billion. He was earlier convicted of seven counts of fraud, conspiracy, and money laundering.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin.
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