- Disgraced FTX founder Sam Bankman-Fried is being held at the Fox Hill prison in the Bahamas.
- The facility is known for harsh conditions, including being overcrowded and understaffed,
Former FTX CEO Sam Bankman-Fried is being held at a prison in the Bahamas known for having harsh conditions but is in "good spirits," an official at the facility told The Washington Post.
The disgraced cryptocurrency exchange founder is being held at the Fox Hill correctional facility in Nassau, where he is expected to remain until February after a judge on Tuesday denied him bail and ordered he remains in custody while awaiting extradition to the US.
Bankman-Fried was arrested Monday by authorities in the Bahamas after US officials charged him with multiple counts, including fraud and money laundering.
An unnamed official at the prison told The Post Bankman-Fried came off as "a little arrogant" and "awfully scared" after arriving at the facility, but that he seemed like a "nice guy." The official also said Bankman-Fried still believes a judge may grant him bail, but if not he would be prepared for extradition and to "face the music" in the US.
Fox Hill prison is known to be overcrowded and understaffed, and inmates have said they lived among rat and maggot infestations and had to remove human waste with buckets, according to a 2021 human rights report compiled by the State Department.