📢 Crypto world update! Convicted crypto fraudster Sam Bankman-Fried, founder of the now-defunct FTX exchange, is being relocated to a new prison, likely in California, as he works on an appeal to overturn his charges. The exact location remains undisclosed.

Bankman-Fried was sentenced to 25 years in prison in March and ordered to forfeit $11 billion after being convicted of fraud, conspiracy, and money laundering. His exchange, once the world's third largest, went bust in November 2022 following financial instability reports.

The transfer process is expected to be slow, possibly taking over a month. What are your thoughts on this case? Share in the comments below! 💬