Sam Bankman-Fried’s social media account sprang to life this week with a one-word put up that took many crypto buyers abruptly. The verified X account of the disgraced FTX founder unexpectedly tweeted “gm,” which left many followers surprised and questioning whether or not Bankman-Fried himself was one way or the other again on-line and even out of custody.
Thriller “gm” Submit Causes Confusion
The transient “gm” put up was the primary exercise on Bankman-Fried’s X account in months. It appeared out of the blue late Tuesday, catching many off guard as a result of the account had been largely dormant since 2023. Coming from a person who simply months in the past was convicted on a number of fraud and conspiracy expenses, the seemingly cheerful greeting struck an odd tone.
The put up shortly had tens of millions of impressions and took everybody abruptly. Extra importantly, it induced the worth of the FTT token to surge by over 45% inside just a few hours. This was sufficient to push the FTT value to $1.15, its first break above $1.15 for the primary time in over three months.
Asides from value response, the put up additionally raised fast questions on whether or not Bankman-Fried had one way or the other regained web entry and even been quietly launched.
Official Phrase: Bankman-Fried Nonetheless Behind Bars
Clues to the put up’s origin got here up quickly after. A brand new disclosure quickly appeared on the account’s bio line: “SBF’s phrases (principally). Shared by a buddy.” This urged {that a} third celebration was managing the account and presumably posting messages on Bankman-Fried’s behalf. Certainly, a follow-up assertion from the @SBF_FTX account explicitly addressed the doubts. “No, SBF will not be posting himself from jail. I’m a buddy posting on his behalf,” the account clarified in a subsequent put up.
In different phrases, the message was bodily posted by another person exterior jail partitions. It’s at present unclear whether or not the incarcerated ex-billionaire communicated the choice to put up the cheery “gm” to his affiliate or permitted the put up, however the clarification means that he’s nonetheless behind bars regardless of the web look.
Nevertheless, the put up and its response have been sufficient to warrant feedback from distinguished voices on Crypto Twitter. On-chain investigator ZachXBT delivered probably the most scathing replies, declaring that Bankman-Fried deserves zero human rights in mild of the immense hurt attributable to FTX’s collapse. The remark was later deleted.
Arthur Hayes, co-founder of BitMEX, joked, “Wen memecoin?” This was a playful jab at how a easy greeting from the jailed founder might trigger such a frenzy.
The bizarre social media second isn’t with out precedent, as that is the second time Bankman-Fried’s account has been reactivated throughout his incarceration. The same shock tweet was posted in February, the primary exercise on his feed in two years. That earlier put up additionally spurred confusion and was later understood to be relayed by proxies.
FTX is getting ready to launch $1.6 billion to its collectors by September 30. However, SBF nonetheless has a protracted strategy to go in finishing a 25-year jail sentence that may preserve him confined for many years to come back.
On the time of writing, the worth of FTT has cooled down and has shelled out a notable portion of those features. On the time of writing, the cryptocurrency is buying and selling at $0.9117, down by 9% previously 24 hours.
Featured picture from LinkedIn, chart from Tradingview.com
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