{"id":5798,"date":"2025-02-25T19:30:14","date_gmt":"2025-02-25T19:30:14","guid":{"rendered":"https:\/\/cryptonewsdesk.com\/?p=5798"},"modified":"2025-02-25T19:30:15","modified_gmt":"2025-02-25T19:30:15","slug":"ftx-token-spikes-briefly-as-sam-bankman-fried-posts-on-x-after-two-years","status":"publish","type":"post","link":"https:\/\/cryptonewsdesk.com\/index.php\/2025\/02\/25\/ftx-token-spikes-briefly-as-sam-bankman-fried-posts-on-x-after-two-years\/","title":{"rendered":"FTX Token Spikes Briefly as Sam Bankman-Fried Posts on X After Two Years"},"content":{"rendered":"\n<p><strong>Sam Bankman-Fried (SBF), the disgraced founder of FTX, posted on X for the first time in two years<\/strong>, causing <strong>FTX\u2019s native token (FTT) to briefly spike by 30%<\/strong>. Despite <strong>having no connection to FTX\u2019s bankruptcy proceedings<\/strong>, the post <strong>triggered a wave of speculation, briefly pushing FTT\u2019s price from $1.63 to $2.03 before retreating to $1.72 within 30 minutes<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>SBF\u2019s First Public Statement Since 2023<\/strong><\/h3>\n\n\n\n<p>In his <strong>Feb. 25 X post<\/strong>, Bankman-Fried made a <strong>sarcastic remark about unemployment<\/strong>, drawing an indirect comparison to <strong>government employees facing layoffs<\/strong>.<\/p>\n\n\n\n<p><em>&#8220;I have a lot of sympathy for gov\u2019t employees: I, too, have not checked my email for the past few (hundred) days. And I can confirm that being unemployed is a lot less relaxing than it looks.&#8221;<\/em><br>\u2014 <strong>SBF (@SBF_FTX), Feb. 25, 2025<\/strong><\/p>\n\n\n\n<p>The comment appeared to reference a <strong>recent U.S. government initiative requiring federal employees to justify their roles<\/strong>, but <strong>did not mention FTX, its bankruptcy, or his ongoing legal battle<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>FTT\u2019s Short-Lived Rally<\/strong><\/h3>\n\n\n\n<p>Despite the <strong>post having no connection to FTX\u2019s bankruptcy case<\/strong>, <strong>FTT\u2019s price surged from $1.63 to $2.03 within minutes<\/strong> following the post. However, <strong>the rally was short-lived<\/strong>, as the token <strong>quickly fell back to $1.72 within half an hour<\/strong>.<\/p>\n\n\n\n<p>FTT <strong>remains down over 97% from its all-time high of $85.02<\/strong>, recorded in <strong>September 2021 before FTX\u2019s collapse<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Speculation Around a Presidential Pardon for SBF<\/strong><\/h3>\n\n\n\n<p>SBF\u2019s return to X comes amid <strong>rumors that his parents, Stanford Law professors Joseph Bankman and Barbara Fried, are seeking a presidential pardon<\/strong>.<\/p>\n\n\n\n<p>According to a <strong>Bloomberg report from Jan. 30<\/strong>, <strong>SBF\u2019s parents have met with lawyers and individuals connected to Donald Trump\u2019s administration<\/strong> to <strong>explore the possibility of clemency<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>SBF\u2019s Legal Battle Continues<\/strong><\/h3>\n\n\n\n<p>Bankman-Fried is currently <strong>serving a 25-year prison sentence<\/strong>, handed down in <strong>March 2024<\/strong>, after being <strong>found guilty of multiple counts of fraud and conspiracy<\/strong> related to FTX\u2019s collapse.<\/p>\n\n\n\n<p>Although his <strong>conviction is being challenged in court<\/strong>, <strong>he remains in custody at the Brooklyn Metropolitan Detention Center<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>What\u2019s Next for FTT?<\/strong><\/h3>\n\n\n\n<p>While <strong>SBF\u2019s surprise post briefly moved FTT\u2019s price<\/strong>, it <strong>did not trigger a sustained rally<\/strong>. The <strong>token\u2019s future remains uncertain<\/strong>, as <strong>FTX\u2019s bankruptcy proceedings continue and creditors await repayment<\/strong>.<\/p>\n\n\n\n<p>For now, <strong>SBF\u2019s unexpected return to social media has reignited discussions around his case<\/strong>, but whether it has any <strong>lasting impact on the crypto market remains to be seen<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sam Bankman-Fried (SBF), the disgraced founder of FTX, posted on X for the first time in two years, causing FTX\u2019s native token (FTT) to briefly spike by 30%. Despite having no connection to FTX\u2019s bankruptcy proceedings, the post triggered a wave of speculation, briefly pushing FTT\u2019s price from $1.63 to $2.03 before retreating to $1.72&#8230;<\/p>\n","protected":false},"author":3,"featured_media":5799,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73,63],"tags":[227,65,86],"class_list":["post-5798","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","category-crypto-news","tag-bankruptcy","tag-crypto","tag-market"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FTX Token Spikes Briefly as Sam Bankman-Fried Posts on X After Two Years - Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonewsdesk.com\/index.php\/2025\/02\/25\/ftx-token-spikes-briefly-as-sam-bankman-fried-posts-on-x-after-two-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FTX Token Spikes Briefly as Sam Bankman-Fried Posts on X After Two Years - Crypto News\" \/>\n<meta property=\"og:description\" content=\"Sam Bankman-Fried (SBF), the disgraced founder of FTX, posted on X for the first time in two years, causing FTX\u2019s native token (FTT) to briefly spike by 30%. 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