FTT Token Surges After Sam Bankman-Fried’s First Tweets in Two Years
FTX's token (FTT) experienced a brief spike from $1.55 to $2.07 following a series of tweets from founder Sam Bankman-Fried, who is currently serving a 25-year prison sentence for fraud. He tweeted after two years, discussing layoffs and expressing sympathy for government employees facing scrutiny over their work activities.
Key points:
- Bankman-Fried was convicted on seven counts of fraud in November 2023.
- His tweets caused FTT's price to rise before dropping back to around $1.78.
- He does not have direct access to social media but can send messages through the Corrlinks system.
- The identity of the person posting on his behalf remains unclear.
- The tweets referenced recent commentary by Elon Musk regarding federal employee accountability.