The crypto G: First photo of Sam Bankman-Fried in jail posing with gangsters - as fellow inmates say...

Sam Bankman-Fried, who was found guilty last year of taking funds from customers of his now-defunct FTX digital currency platform, has been photographed for the first time in prison.

A photo of the ex-billionaire, aged 31, has recently emerged. He is depicted at the Metropolitan Detention Center in New York, where he is being held until he receives his sentence. He could possibly face up to 115 years in prison. The sentence is expected to be handed down next month.

The picture was believed to be captured on December 17 and exhibited Bankman-Fried in a bearded appearance, standing in the company of five other detainees.

Tiffany Fong, who reports on crimes related to cryptocurrencies, was the one who first obtained the picture. She also had a conversation with one of the prisoners who was in the same photo with Bankman-Fried.

The prisoner, who goes by G Lock, characterized Bankman-Fried as bizarre but did acknowledge him as a decent person.

The image, believed to be captured on the 17th of December, displays Bankman-Fried donning a facial hair along with his previous cellmate G Lock, who was once a member of a gang.

City, following a hearing related to a legal dispute with the Securities and Exchange Commission (SEC). Following a legal disagreement with the SEC, Sam Bankman-Fried, the creator of FTX, left Manhattan federal court on June 15, 2023, in New York City after attending a hearing.

A previous member of the Blood gang, named G Lock, expressed that Sam used to have a round belly and enjoyed eating well. However, at present, he has lost so much weight that he looks as thin as a toothpick.

"He's neglecting hygiene, refusing to take a shower. He's not engaging in any activity. He remained loyal and didn't betray anyone, proving that he's a member of the gang."

Sam Bankman is even more of a gangster than Tekashi69. He stood firm and committed to his beliefs while Tekashi chose to betray others.

"He's a decent person, truly. He may have some unconventional quirks and behavior, but he is fundamentally a good-hearted individual." The reason for G Lock's incarceration is unknown.

According to Fong, he clearly looks thinner now and there have been rumors circulating about him not taking regular showers.

He doesn't have a very smooth shave as he did before, but it's evident that he's presently experiencing a lot of difficulties.

In November, Bankman-Fried was convicted of all seven counts of fraud. The jury took only five hours to come to a decision.

In the preceding year, he was found guilty, bringing his $10 billion fraud investigation to a close, which was connected to the striking downfall of his cryptocurrency realm in November 2022.

The prosecution claimed that Bankman-Fried constructed a "scam scheme" using FTX and Alameda Research to wrongly seize billions of dollars belonging to customers, all for the sake of gaining "wealth, control, and authority".

Sam Bankman-Fried experienced a surge of excitement about cryptocurrency, and at its peak in November of last year, FTX had a market capitalization of $32 billion.

Bankman-Fried is having a conversation with his attorneys following the decision. His legal team stated that they plan to challenge the ruling in the future.

The lawyers who represented him in court likened the trial to a cinematic experience. They contended that the defendant, a math scholar from MIT, did not intend to inflict harm on anyone. Rather, they claimed that he committed errors while operating two firms with immense worth.

Bankman-Fried rode the swell of excitement around cryptocurrency, and at its peak in November of last year, FTX carried a valuation of $32 billion.

He was showcased on the front page of Forbes magazine and made an appearance alongside Bill Clinton and former British Prime Minister Tony Blair.

Bankman-Fried was praised as the upcoming leader of finance - the crypto counterpart of Steve Jobs, who intended to donate his wealth as a component of the philosophy of 'Effective Altruism' as he termed it.

According to the prosecutors' arguments in court, he deceived the public by insinuating something false. In truth, he was merely embezzling money from FTX clients.

In 2022, the entire structure of FTX, which was built on flimsy grounds, collapsed when the value of cryptocurrencies dropped drastically and reports from the media emerged, inquiring about how much of the company's $32 billion worth was reliant on FTT, the crypto token owned by FTX.

When the verdict of guilt was announced for their child, Joseph Bankman and Barbara Fried were overcome with emotion and began to cry.

He was praised as the upcoming pioneer in finance, regarded by some as the equivalent of Steve Jobs in the world of cryptocurrency. This individual intended to distribute his wealth in accordance with the principles of what he called "Effective Altruism."

When individuals wanted to take out their funds, it resulted in a situation similar to a bank run within the cryptocurrency realm, leading to the closure of FTX.

Bankman-Fried consistently asserted his lack of guilt and continued conversing with reporters even when it was clear he would be taken into custody.

The federal prosecutors used the statements of his three highest-ranking workers to construct their argument against him. These three individuals speedily agreed to plea deals in exchange for the possibility of receiving less severe punishments.

Caroline Ellison, who used to date FTX's founder Gary Wang and was previously the CEO of Alameda Research, joined Gary and Nishad Singh - the top engineer of the company- for the meeting.

At the hearing, it was stated that Bankman-Fried was raised in Palo Alto by parents who worked at Stanford University as economics professors.

In May 2022, a panel discussion featured the likes of Bill Clinton - the ex-President of the US, Tony Blair - the past Prime Minister of the UK, and Bankman-Fried. They were all in attendance and pictured during the event.

He pursued his academic journey in Mathematics at MIT and it was there that he crossed paths with Wang. He further delved into his career by working at Jane St Capital, a trading firm based in Wall Street. In 2017, he established Alameda and then went on to launch FTX in 2019.

Initially, the organization started functioning from a small lodging with two bedrooms obtained through Airbnb in Berkeley, California. Afterward, they shifted to Hong Kong and finally landed in the Bahamas.

In that place, they established an office and a penthouse apartment costing $30 million where Bankman-Fried cohabited with nine people in an uncommon blend of extravagance and untidy condition similar to a college dormitory.

During his statement, Bankman-Fried aimed to depict himself as a hardworking and unconventional mastermind who occasionally dozed off on lounge bags and chose a Toyota Corolla as his vehicle because he believed it presented a better impression.

He acknowledged that many individuals were harmed and he made some significant errors, yet he firmly denied engaging in fraudulent activities in response to his attorney Mark Cohen's question.