After two years of silence, former FTX CEO Sam Bankman-Fried made an unexpected social media return, causing a sharp rise in FTT cryptocurrency price.
Unexpected Appearance of SBF
On February 25, 2025, FTX founder Sam Bankman-Fried posted a message on social media from his cell at the Brooklyn Metropolitan Detention Center, where he is serving a 25-year sentence. In his ironic message, he noted that he 'had not checked his emails for several hundred days' and that 'being unemployed is much less relaxing than it seems.'
Impact on FTT Price
Following this message, the FTT token sharply increased by 30%, but swiftly returned to previous values. This demonstrates that despite all the challenges, Bankman-Fried's influence on the crypto market remains significant.
Long-term Consequences for FTX
FTX continues the process of debt reimbursement, with $800 million recently disbursed to 162,000 accounts. However, this does not save the token from its critical state.
Even in incarceration, Sam Bankman-Fried continues to exert influence over the cryptocurrency market, causing short-term price spikes.
