Crime & Justice

Sam Bankman-Fried Discovers New, Powerful Currency in Jail: Mackerel

HAIRCUT 100

“Mackerel has replaced cigarettes as a favored federal jailhouse currency after officials banned smoking,” the Wall Street Journal said—it’s how Bankman-Fried paid for a haircut.

Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, arrives at court in New York, U.S., August 11, 2023.
Eduardo Munoz/Reuters/File Photo