February 25, 2025 – The cryptocurrency community was sent into a frenzy after a surprise post from Sam Bankman-Fried’s (SBF) X (formerly Twitter) account, marking his first public communication in nearly two years. The unexpected social media activity led to a sharp surge in the price of the FTX exchange’s native token, FTT, which saw a 30% spike in just a few hours.
What Did SBF Post?
Bankman-Fried, the former CEO of the now-defunct FTX exchange, took to X with a cryptic yet somewhat humorous message regarding recent mass layoffs of U.S. government employees. His post read:
“I have a lot of sympathy for gov’t employees: I, too, have not checked my email for the past few (hundred) days.”
This unexpected remark was met with a mix of amusement and backlash from the crypto community, given SBF’s ongoing legal troubles and his current incarceration following FTX’s collapse in 2022. Some speculated whether SBF himself had posted the message or if his account had been used by someone else.
FTT Token Price Reacts
The immediate market reaction saw FTT surge from approximately $1.53 to a high of $2.00 within hours of the post. However, the rally was short-lived, as the price corrected shortly afterward, stabilizing around the $1.75 mark. This movement mirrors past instances where social media activity from or about Bankman-Fried led to brief spikes in FTT’s value.
Despite the token’s volatility, some traders took advantage of the momentary pump, while others remained skeptical of its long-term implications given FTX’s unresolved bankruptcy proceedings.
The Crypto Community Reacts
SBF’s post reignited discussions around FTX, FTT, and the broader implications of its collapse. Many community members mocked the irony of his statement, considering the billions of dollars lost due to FTX’s failure. Others raised questions about whether his X account was still under his control or if a third party was posting on his behalf.
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Regulatory experts and legal analysts also weighed in, debating whether the post could have any impact on his legal standing. Some pointed out that market manipulation concerns could arise if it were proven that SBF intended to influence FTT’s price from behind bars.
What’s Next?
While the post has stirred conversation and momentarily affected FTT’s price, it remains to be seen whether this event will have any lasting effects on the token or Bankman-Fried’s ongoing legal battles. The FTX bankruptcy case continues to unfold, with creditors still awaiting repayment and the fate of the exchange’s remaining assets uncertain.
As always, the crypto space remains unpredictable, and SBF’s latest online resurgence is yet another reminder of the market’s sensitivity to high-profile figures—even those who have seemingly been removed from the scene.
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