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Who is Sam Bankman, the “king” who shared a cell with JOH

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Who is Sam Bankman, the “king” who shared a cell with JOH

Former Honduras President Juan Orlando Hernández and “King of Cryptocurrencies” Sam Bankman-Fried were found guilty of their crimes by the Prosecutor’s Office, leading to significant changes in their futures.

Since his extradition to New York in April 2022, Juan Orlando Hernández has been incarcerated at the Metropolitan Correctional Center in Manhattan after being convicted of drug trafficking on March 8, 2024. Upon receiving his sentence, Hernández will be transferred to a federal prison, leaving behind his current cellmates who are not incarcerated for violent offenses.

One of Hernández’s recent cellmates was revealed to be Sam Bankman-Fried, the founder of cryptocurrency exchange platform FTX and Alameda Research. Bankman-Fried, having been convicted of fraud and financial crimes in November 2023, is awaiting sentencing in the same prison as Hernández.

Bankman-Fried’s net worth, which once peaked at $25 billion, plummeted to $991.5 million in one day due to FTX’s solvency crisis in November 2022. He was subsequently deemed to have no material wealth by the Billionaires Index. Bankman-Fried faces up to 40 years in prison, in stark contrast to Hernández, who could potentially receive a life sentence plus 30 years.

While Bankman-Fried’s sentencing is set for March 28, 2024, Hernández’s fate will be decided on June 26, 2024. Both individuals, once prominent figures in their respective fields, must now face the consequences of their actions as they await the final judgments that will determine their futures.

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