It sounds fishy, but SBF really IS trading mackerel in prison: Report
The former billionaire paid four “macks” for a haircut before his trial while staying at the Brooklyn Metropolitan Detention Center.
The crypto trading days of former FTX CEO Sam Bankman-Fried are over, and the recently convicted founder has found a new thing to trade while in jail — fish.
The Wall Street Journal reported on Nov. 23 that Bankman-Fried recently traded four packets of Mackerel — known in prison as “macks” — for a haircut before his criminal trial last month.
Mackerel packets have risen to be the hottest trading commodity in United States prisons since tobacco products were banned. Postage stamps and soup packets — “soups” — respectively come second and third on the value hierarchy. The commissary of the Metropolitan Detention Center (MDC) where Bankman-Fried is housed sells mackerel packets for $1.30.
Bankman-Fried is sharing a cell at the Brooklyn prison with former Honduran president Juan Hernández and a former senior Mexican police officer, sources familiar with the matter told The Journal.
Social media pundits questioned the legitimacy of the reports and controversial tech figure Martin Shkreli known as “pharma bro” — who spent more than four years in federal prison — confirmed macks were a staple currency in U.S. jails.
In a Nov. 24 post on X (formerly Twitter), Shkreli claimed paying four macks for a haircut was a “rip off” but noted it was still less than paying someone a book of stamps.
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