Bankman-Fried's Move To Jail Sparks Strong Reactions On X: 'Hope You Enjoy Prison'

On Friday, Sam Bankman-Fried, the founder and CEO of the defunct cryptocurrency exchange FTX, was incarcerated following a federal judge's decision to revoke his bail.

Since the latest development, reactions on social media have been mixed. 

On Friday, Cinneamhain Ventures partner Adam Cochran posted on X, saying, "I hope you enjoy prison."

General Counsel at Delphi Labs Gabriel Shapiro also said on X, "SBF bail revoked [because] the dude cannot stop himself from cheating even to watch sports. Poetic, really."

Also Read: Sam Bankman-Fried Leaked Caroline Ellison's Diary To Paint Her As A 'Jilted Lover,' Prosecutors Say

Another user wrote, "Sucks for Sam. If the past is prologue, he will not see home for 15-30 years. I played a high-stakes game and wanted a shortcut. Doesn't work that way!"

Custodia Bank founder and CEO Caitlin Long asked, "Do you want to trust your hard-earned money to someone who can't tell the difference between right & wrong?"

The judge's decision is the latest setback for Bankman-Fried, adding to his series of challenges following the dramatic collapse of his cryptocurrency enterprise, which is one of the most remarkable corporate crashes in recent memory.

Since his apprehension in December, Bankman-Fried had been under house arrest at his parent's residence in Palo Alto, California.

Now Read: FTX's Sam Bankman-Fried Backs Down On $1B Political Donation, Calls It 'Dumb Quote'

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