Sam Bankman-Fried’s X Account Awakens, Sends FTT Token Soaring
Sam Bankman-Fried's dormant X account suddenly springs back to life—and FTT token explodes upward in a classic crypto rollercoaster move.
The Ghost in the Machine
A single post from the former FTX CEO's account—his first in months—ignites furious trading activity. FTT, the native token of the collapsed exchange, rockets double-digits within hours. Markets react with equal parts excitement and skepticism.
Social Media Whiplash
Traders scramble to decode the message's intent while blockchain detectives trace wallet movements. The surge demonstrates crypto's continued vulnerability to influencer signals—even from figures facing serious legal challenges. Another reminder that in digital assets, perception often outweighs fundamentals.
Just another day where a tweet moves markets more than actual financials—because who needs balance sheets when you've got viral potential?
Tweets from prison
SBF was transferred to the Federal Correctional Institution Terminal Island in Los Angeles in April, after 18 months at the Metropolitan Detention Center in Brooklyn, New York.
Under the Bureau of Prisons’ rules, federal inmates may use TRULINCS, a secure messaging system that allows text‐only communication (no attachments) with approved contacts. The system is monitored and screened, and does not grant access to the wider internet.
Possession or use of a contraband cellphone is strictly prohibited, and if discovered, it can lead to disciplinary action, including solitary confinement or docking of “good conduct time.”
Some inmates' attorneys attempt to post statements: the inmate sends a text or letter to someone outside, who then posts it to their social media handles.
Decrypt reached out to Sam Bankman-Fried’s defense counsel at Shapiro Arato Bach LLP, as well as officials at the Federal Bureau of Prisons and FCI Terminal Island, for comment on the “gm” post but did not immediately receive a response.
