<ul><li>Sam Bankman-Fried, the founder of the now-defunct FTX exchange, has been transferred to a tough prison in California as he begins his 25-year sentence for an $8B crypto fraud.</li><li>Bitcoin remains resilient despite the fallout from FTX, with analysts projecting price targets of $150K due to institutional adoption and ETF inflows.</li><li>The transfer to the Victorville medium-security federal prison in California puts Bankman-Fried in one of the notoriously tough correctional facilities known for gang-related violence and difficult living conditions.</li><li>FTX's bankruptcy proceedings have not hindered the broader crypto market from recovering, with analysts seeing increased integration of crypto into traditional finance driving the potential for Bitcoin to reach $150,000 or more by year's end.</li></ul>

FTX News: Sam Bankman-Fried Transferred to ‘Notoriously Tough’ California Prison

Discover more