Sam Bankman-Fried Posts on X After 2 Years

Lavina

February 25, 2025

SBF says, "Being unemployed is a lot less relaxing than it looks"

Sam Bankman-Fried, the founder of the collapsed FTX exchange, has resurfaced on X [formerly Twitter] after two years of silence.

Background

His thread managed to stir up buzz in the crypto world
The 32-year-old, currently serving a 25-year sentence for fraud tied to FTX’s dramatic implosion, shared a cryptic message about layoffs in the US
US President Donald Trump and Musk’s Department of Government Efficiency (DOGE) have mass laid off people across several government departments
According to estimates, around 95,000 jobs have been eliminated of late
Several also expect another round of job cuts to transpire in the coming weeks
Within minutes after Bankman-Fried’ posted, FTT, the native token of the exchange, registered a 47% wick-to-wick spike in price

Why should you pay attention?

Bankman-Fried’s tweet turned out to be a market mover
FTT’s sudden surge shows Bankman-Fried still holds sway over crypto sentiment, even behind bars
The token, once dismissed as worthless after FTX’s bankruptcy, has been clawing back value since late 2024
This has been fueled by speculations of an FTX reboot
Analysts point to renewed interest from traders betting on nostalgia and a potential restructuring payoff
For a market obsessed with volatility, the latest price action proves how a single voice from the past can jolt prices
It serves as a reminder: Crypto’s wild west vibe is alive and well

Who said what?

Bankman-Fried’s said,

“I have a lot of sympathy for gov’t 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”

He added,

“Firing people is one of the hardest things to do in the world. It sucks for everyone involved”

1) I have a lot of sympathy for gov’t 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
— SBF (@SBF_FTX) February 25, 2025

The community on X erupted. One user gushed,

“SBF dropping truth bombs from jail — FTT to the moon!”

Chiming in, a trader said,

“Bought the dip at $1.80, thanks Sam”

Meanwhile, another user remained skeptical and questioned,

“This guy’s still shilling his scam token? Unreal”

Another cautioned,

“He’s in prison for a reason — don’t fall for this”

Zooming out

The latest episode underscores crypto’s knack for drama
A fallen titan, a jail cell tweet, a 47% leap: It’s the kind of story that keeps this space going