In his first extensive interview since his imprisonment, Sam Bankman-Fried, the disgraced founder of FTX and co-founder of Alameda Research, revealed a unique form of currency system he has developed while incarcerated. Speaking to Puck News, Bankman-Fried disclosed that he has been surviving on beans and rice bags purchased from the commissary, with the rice bags becoming a form of currency within the Metropolitan Detention Center in Brooklyn.

Despite his conviction for wire fraud, money laundering, and conspiracy, Bankman-Fried maintains his innocence and has expressed his intention to appeal the conviction. He believes he was made a scapegoat for FTX's collapse, attributing it to negligence that made the company vulnerable to issues like a bank run and competitors’ actions. He argues that civil, not criminal, penalties would be more appropriate.

Bankman-Fried denies any wrongdoing and instead blames the lawyers he handed FTX to for the firm's collapse. His story serves as a stark reminder of the potential risks and consequences in the rapidly evolving world of DeFi and BRC 20.