Sam Bankman-Fried, the former crypto mogul, has traded his life of luxury for a prison cell. Following his conviction for fraud at FTX, he's facing a harsh reality. A recent interview at the Metropolitan Detention Center (MDC) Brooklyn reveals a stark contrast to his former life. Gone are the lavish meals and bespoke suits; instead, he shares a dorm with 35 inmates, surviving on rice and beans from the prison commissary.

In his first jailhouse interview, the 32-year-old fallen crypto king maintains his innocence, blaming market conditions and poor legal advice for FTX's collapse. He believes the company could have been saved if he remained in charge. The interview also hints at finger-pointing towards his former romantic partner and co-conspirator, Caroline Ellison.

Despite his 25-year prison sentence, Sam Bankman-Fried is determined to clear his name. His legal team is preparing an appeal, arguing the conviction was based on an incomplete picture and a rushed bankruptcy process. They're pointing fingers at Sullivan & Cromwell, FTX's former legal counsel, alleging undue influence and a role in unfairly targeting Sam Bankman-Fried.

The fallout from FTX's collapse continues to impact the cryptocurrency industry, with the exchange auctioning off assets to repay creditors and users who lost millions. The once-bright future of FTX has been overshadowed by accusations of fraud and mismanagement, leaving investors wary and the entire crypto market facing uncertainty.