Since August 2023, Bankman-Fried has been held at this facility. His lawyers argue that remaining in Brooklyn would ease the coordination with his appeal lawyers, as Bankman-Fried plans to challenge his conviction and the subsequent sentencing. Judge Lewis Kaplan determined Bankman-Fried should serve his sentence in prison near the San Francisco Bay Area, considering his family’s proximity to that location. Sam Bankman-Fried was the only one among his colleagues not to plead guilty after the fallout from the FTX and Alameda Research scandal.
Caroline Ellison, Gary Wang, Nishad Singh, and Ryan Salame, all charged in the same case and associated with the crypto companies, entered guilty pleas and agreed to cooperation deals.