SBF Resurfaces and Triggers a Surge in the FTT Crypto

After two years of silence, the former CEO of FTX, Sam Bankman, currently imprisoned, has made his return to social media. This unexpected appearance sparked a dramatic rise in the price of the FTT crypto, rekindling investor interest despite the historical collapse of the platform.

Former FTX CEO Sam Bankman-Fried (SBF) has returned to social media after two years of silence. In a post on X, SBF shared his thoughts on unemployment and layoffs. This appearance comes as FTX begins reimbursing creditors.

After two years of silence, the former CEO of FTX, Sam Bankman, currently imprisoned, has made his return to social media. This unexpected appearance sparked a dramatic rise in the price of the FTT crypto, rekindling investor interest despite the historical collapse of the platform.

In a post on X, SBF shared his thoughts on unemployment and layoffs, topics that resonate deeply with his experience at FTX. The post also highlighted his continued influence in the crypto market, despite being鐺centralised exchanges like Binance, FTX, and Coinbase,propaned from hands-on involvement.

Here's a summary of SBF's post and its impact on the FTT crypto.

SBF resurfaces and triggers a surge in the FTT crypto

On February 25, 2025, Sam Bankman-Fried, the fallen founder of the FTX crypto empire, posted a message on X from his cell at the Metropolitan Detention Center in Brooklyn where he is serving a 25-year sentence.

In this message, SBF ironically stated that he had “not checked his emails for several hundred days” and that “being unemployed is much less relaxing than it seems“, indirectly referencing Elon Musk’s initiative regarding the efficiency of government employees.

The message also addressed the sensitive subject of layoffs, with SBF asserting that “laying off people is one of the most difficult things in the world ” and that it often comes down to a company’s failure to “assign the right position” to employees. A statement that sounds strangely resonant coming from someone who presided over the collapse of FTX and the loss of thousands of jobs.

This post marks his first public appearance since January 19, 2023, when he referred to his testimony before the U.S. Congress. In the meantime, SBF has been found guilty on seven charges including wire fraud, securities fraud, and commodities fraud, before being sentenced in March 2024.

A sawtooth value and an uncertain future

Following this post, the FTX’s FTT token experienced a sharp increase of nearly 30% in just a few minutes, rising from $1.63 to over $2, according to data from CoinMarketCap. This phenomenon confirms SBF’s persistent influence on the market, despite his disastrous legal situation.

However, this rally proved to be short-lived. In less than 30 minutes, the price of FTT dropped back to $1.75, illustrating the extreme volatility and fragility of this asset. It must be noted that the FTT token remains in a dire state, having lost more than 97% of its value compared to its historic peak of $85.02 reached on September 10, 2021, before the collapse of the FTX exchange in November 2022.

This volatility occurs in a particular context for FTX. The bankrupt exchange has recently begun the process of reimbursing its creditors, with a first wave of $800 million already distributed to 162,000 accounts. These reimbursements, calculated at the prices of November 2022, are criticized for their disconnect from the current valuation of cryptos.

While SBF serves his sentence at the Brooklyn Metropolitan Detention Center, rumors circulate regarding his parents’ efforts to obtain a presidential pardon from the Trump administration. This media return could be part of a broader strategy aimed at improving the public image of the former entrepreneur, once regarded as a prodigy of crypto finance.