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Sam Bankman-Fried's Return: First Post in Two Years Causes FTT Surge

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by Giorgi Kostiuk

4 hours ago


FTX founder Sam Bankman-Fried made his first public statement since January 2023, sharing a post on X discussing company layoffs and management issues.

Sam Bankman-Fried's Return

Following the sudden bankruptcy of FTX and the crash of the crypto market in 2022, Sam Bankman-Fried has returned to public statements. In his post, he discussed the process of employee layoffs, stating: “Firing people is one of the hardest things in the world. It’s bad for everyone involved.” He added that the responsibility for these layoffs lies with the company for not providing the right conditions.

Market Reaction to the Post

After Sam Bankman-Fried’s post on X, the FTT token briefly surged by over 29%. However, market fluctuations remain uncertain as the true author of the post is not confirmed.

Fake Account and Scam

Sam Bankman-Fried’s activity triggered scam attempts. A fake account claimed that he was pardoned by U.S. President Donald Trump and joined DOGE. The account later announced the creation of a memecoin and even received a 'gray' verification on X, raising concerns over identity fraud.

Despite the unclear circumstances surrounding Sam Bankman-Fried’s post, it caused a significant reaction in the cryptocurrency market and among social media users. The presence of fake accounts and associated scams highlights the need for caution amid heightened attention to this situation.

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