FTX Founder Sam Bankman-Fried Moved to Low-Security Prison in California

Sam Bankman-Fried, the disgraced co-founder and former CEO of the collapsed cryptocurrency exchange FTX, has been transferred to a low-security federal prison in California. This move comes after his brief stint in a notoriously violent detention facility. The Federal Bureau of Prisons has confirmed his relocation to the Federal Correctional Institution Terminal Island in Los Angeles, a facility known for housing high-profile white-collar criminals. This development marks a significant turn in the ongoing legal saga surrounding the FTX collapse and its key figures.

Sam Bankman-Fried Transferred to Low-Security Prison in California

Sam Bankman-Fried, the co-founder and former CEO of collapsed crypto exchange FTX, has been moved to a low-security federal prison in California after spending nearly two weeks in a notoriously violent facility. The Federal Bureau of Prisons’ inmate registry confirms his transfer to the Federal Correctional Institution Terminal Island in Los Angeles.

Terminal Island has housed several high-profile white-collar criminals, including fraud convicts Mouli Cohen and Anthony Elgindy. The relocation marks a significant change from Bankman-Fried’s previous confinement at the violent Victorville facility, nicknamed ’Victimville’ by inmates.

FTX Founder Sam Bankman-Fried Transferred to Low-Security Facility

Sam Bankman-Fried, the disgraced co-founder of collapsed cryptocurrency exchange FTX, has been relocated to Terminal Island, a low-security federal prison in Los Angeles. The transfer, confirmed April 18, 2025, reflects his non-violent financial crimes and adjusted legal circumstances.

Market reaction remains muted despite the high-profile nature of the development. FTX Token (FTT) shows only marginal gains, underscoring investor apathy toward Bankman-Fried’s incarceration details. The crypto sector continues to distance itself from the FTX legacy as regulatory scrutiny intensifies globally.