🔥Hot off the press! Convicted crypto fraudster Sam Bankman-Fried is on the move! 🚚 He's being relocated to a new prison, likely in sunny California, as he works on an appeal to overturn his charges.

The exact location remains a mystery 🕵️‍♂️, but we know it's likely to be a medium-security prison. However, the judge who oversaw his trial recommended he stay in New York for easy access to appellate counsel.

The transfer could take over a month, so don't expect any quick updates. Remember, he was sentenced to 25 years in prison and ordered to forfeit a whopping $11 billion after being convicted of fraud, conspiracy, and money laundering.

His FTX exchange, once the world's third largest, went bust in November 2022 following a CoinDesk scoop. What are your thoughts on this saga? Let's discuss in the comments! 🗣️#CryptoNews #SamBankmanFried