A message posted on Sam Bankman-Fried’s X account caused the price of FTT, FTX’s cryptocurrency, to skyrocket. Except that the person in question is in prison…
A message from Sam Bankman-Fried on X
On Tuesday night, a short message appeared on Sam Bankman-Fried’s X account:
gm
— SBF (@SBF_FTX) September 23, 2025
The greeting, brief as it was, sparked an immediate reaction, as Sam Bankman-Fried is currently in prison. Three hours later, however, a second tweet was posted, explaining that a “friend” of SBF was now managing the account:
No, SBF is not posting from prison himself. I am a friend posting on his behalf.
Since then, the account has only shared a post from Grok confirming that a third party was now managing his account.
FTT price rises 32% in a matter of minutes
However, the brief message was enough to send the price of FTX’s FTT soaring. The exchange platform’s cryptocurrency jumped 32% immediately after the post. It is still up 20% over the last 24 hours, according to data from CoinGecko:
Needless to say, this increase is likely to be short-lived. The cryptocurrency of the defunct FTX platform is now a shadow of its former self, having reached $84 in 2021. At this point, FTT seems to be surviving only because the legal issues surrounding the platform have not all been resolved.
The tribulations of the former CEO of FTX
Sam Bankman-Fried had already made headlines when he posted a series of strange tweets last February. As if he were still CEO, he shared his thoughts on the need to lay off employees. However, the account had been silent since then.
The former CEO of FTX is not supposed to have access to any means of communication with the outside world. He is currently serving a 25-year prison sentence, but has appealed his conviction and will be heard on November 4. The bankruptcy of FTX, for which he was found responsible, is estimated to have cost the platform’s users between $9 billion and $11 billion.
