Mostly horseshit clickbait. They are both in a lower security dormitory style lockup at the same holding facility e.g. large room with a lot of bunk beds.
...Combs began living in the same unit as Bankman-Fried and sleeping in a “dormitory-style” room with a number of other defendants last week after he was arrested...
I think the real question is, what do you want to repurpose it for?
Because the answer to your question is yes, it is usable, but whether or not it's capable of what you want to use it for, we can't say without more information.
Linux installation appears to be possible. This is a wiki to an Arch on ARM distro, but you might want to look for something a bit more user friendly if you're not comfortable with Arch.
https://archlinuxarm.org/platforms/armv7/rockchip/hisense-chromebook-c11#installation
Just remember, it's a fairly low spec machine. Think of it like a Raspberry Pi with a keyboard and monitor built in, in terms of what you can hope to run on it.