SBF says he will launch a new coin after prison release

FTX founder Sam Bankman-Fried (SBF), who is serving a 25-year prison sentence, has stated that he plans to issue a new coin upon his release. According to Wu Blockchain, SBF told fellow inmate David Bunewacz that he would need between $50 million and $100 million in initial capital to build a real business. He added that he would issue his own coin after being released, predicting that everyone would flock to it. SBF had previously appealed his 25-year sentence, but a U.S. court ultimately dismissed it.