On 12 December 2022, Sam Bankman-Fried got arrested. Sam was arrested shortly after 6 p.m. at his
apartment complex in
the Albany resort in the Bahamas, The timing of when Mr. Bankman-Fried could've been a trigger to a
few actions. While
the Bahamas has an extradition treaty with the United States, the process can take weeks, and
sometimes far longer if a
criminal defendant contests it.
During Sam's stay in arrest, he constantly asked for a picture of Caroline, and a soap bar.
A year after Sam Bankman-Fried got arrested, a mysterious token named "BONK", made by a few UK
government officials who
teamed up with wealthy anonymous Chinese individuals who had a special grudge to Sam, surged from a
couple millions of
market cap to a couple billion, a 1000x gain to essentially mock Sam while he's in jail, "memefying"
his chain, his
beloved creation, after liquidating him and taking everything away.
The decision to create SOAP, a memecoin representing Sam's soap in prison, with his little piece of
hair on it — was
inevitable.
DONT DROP THE SOAP, SAM.
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