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Former CEO of the cryptocurrency exchange FTX, Sam Bankman-Fried (SBF), has been transferred to a prison in Los Angeles. FCI Terminal Island is considered a low-security correctional facility.

Decrypt noted that Terminal Island prison is located in the harbor of the San Pedro area — about a 45-minute drive from downtown Los Angeles and houses over 900 inmates.

It is known that Sam Bankman-Fried will have access to a law library and can spend up to $360 monthly at the prison store. The prison also offers social and wellness programs, as well as internships in welding, plumbing, furniture making, culinary arts, and baking, journalists noted. However, according to one inmate, the level of medical and healthcare at Terminal Island is extremely low.