This week, a notable event transpired within the cryptocurrency sphere that left many followers intrigued. The social media account of Sam Bankman-Fried, the infamous founder of FTX, unexpectedly posted a minimalistic “gm,” garnering attention and raising eyebrows across the digital community.
Surprising “gm” Post Sparks Speculation
Late last Tuesday, Bankman-Fried’s X account saw its first activity in several months. The sudden greeting took the crypto world by storm, especially considering the serious allegations and convictions surrounding the individual. The seemingly light-hearted tone was peculiar given the gravity of recent events.
The unexpected tweet generated millions of views almost instantly, contributing to a significant 45% spike in the FTT token’s value within mere hours, pushing its price above the crucial $1.15 mark for the first time in three months.
Beyond the price movement, the post raised urgent inquiries regarding Bankman-Fried’s status; many pondered if he had somehow accessed social media or perhaps even been released from custody.
Clarification: Bankman-Fried Remains Incarcerated
Shortly after the posting, the account’s bio was updated, stating “SBF’s words (mostly). Shared by a friend.” This indicated that someone else was operating the account, possibly sharing messages at his request. A follow-up from the @SBF_FTX account clearly confirmed the situation, stating, “No, SBF is not posting himself from prison. I’m a friend posting on his behalf,” according to a recent tweet.
This interaction reassured followers that despite the online activity, Bankman-Fried remains behind bars. It remains uncertain whether he had previously communicated or authorized the cheerful message, but the clarification was timely for the concerned audience.
The reaction to the post prompted a deluge of responses on Crypto Twitter. Notably, ZachXBT, a prominent on-chain investigator, criticized the situation harshly, asserting that Bankman-Fried should not be afforded any semblance of leniency considering the ramifications of FTX’s collapse. A humorous jab came from Arthur Hayes, co-founder of BitMEX, who quipped, “Wen memecoin?” which humorously encapsulated the absurdity of the moment.
This incident is not without precedent; it marks the second time that Bankman-Fried’s account has sparked interest while he is in custody. Similar circumstances occurred in February, when a surprise tweet also raised questions about the authenticity and management of the account.
Looking forward, FTX is on track to release $1.6 billion to its creditors by the end of September. However, Bankman-Fried has a lengthy journey ahead of him, facing a daunting 25-year prison sentence that will keep him from seeing the outside world for decades.
As of the latest updates, the FTT token’s price has begun to stabilize, shedding some of its recent gains. Currently, it is trading at $0.9117, reflecting a 9% decrease in the last 24 hours.
