The token related to defunct crypto trade FTX surged briefly Monday night time after Sam Bankman-Fried, the founder and onetime CEO of the platform tweeted for the primary time in two years.
Bankman-Fried, who was convicted on seven completely different counts of fraud and conspiracy in November 2023, is serving out a 25-year jail sentence. He is presently detained within the Metropolitan Detention Heart in Brooklyn as his legal professionals work by means of an attraction of his conviction. Nonetheless, his account on X (previously Twitter) posted a 10-tweet thread about layoffs, seemingly referencing Elon Musk’s push to have federal staff e mail their work actions from the previous week or threat resignations.
“I’ve a variety of sympathy for [government] staff: I, too, haven’t checked my e mail for the previous few (hundred) days,” his thread started. FTT, the token related to FTX, briefly spiked from roughly $1.55 to $2.07 after his tweets earlier than falling again to round $1.78, based on CoinGecko.
2) Firing folks is without doubt one of the hardest issues to do on the earth. It sucks for everybody concerned.
My expertise:
a) it’s normally not the worker’s fault that they bought fired
b) it’s normally appropriate to allow them to go anyway— SBF (@SBF_FTX) February 25, 2025
Bankman-Fried doesn’t have direct entry to websites like X or e mail, however can ship messages by means of the Corrlinks system, which lets prisoners within the U.S. talk with others, an individual acquainted confirmed.
It was not instantly clear who could be posting the tweets on Bankman-Fried’s behalf.
Over the weekend, Musk, who based on courtroom paperwork is a particular authorities worker, tweeted that federal staff must inform the Workplace of Personnel and Administration what they did final week, with a non-response being thought-about a resignation. Whereas some federal company heads or different leaders advised their staff to not reply, others mentioned their staff ought to reply.
It is one other step in Musk’s efforts to put off broad swaths of the federal workforce on the behest of U.S. President Donald Trump.
Bankman-Fried’s tweets referenced layoffs and detailed circumstances that may trigger an employer to fireside staff.
5) Possibly we simply didn’t actually have anybody free to handle them proper then. Possibly they labored greatest remotely, however our firm communicated in-person. Possibly they needed to work on a specific challenge, and it simply wasn’t what the corporate wanted.
— SBF (@SBF_FTX) February 25, 2025
“It isn’t the worker’s fault, when that occurs. It isn’t their fault if their employer doesn’t actually know what to do with them, or doesn’t actually have anybody to successfully handle them. It isn’t their fault if inner politics lead their division to lose its approach,” the thread mentioned.
After Bankman-Fried’s tweets, one other X account claiming with out proof to be him linked a contract handle, claiming he obtained a pardon from Trump and now works for DOGE, the federal government entity that will or is probably not led by Elon Musk. The linked token noticed some speedy buying and selling quantity, based on on-chain information. The brand new, seemingly faux account has a label saying “it’s a authorities or multilateral group account,” suggesting a authorities company account might have been compromised and renamed.
Learn extra: Non-public Jets, Political Money Amongst $1B in Sam Bankman-Fried’s Forfeited Belongings: Courtroom
UPDATE (Feb. 25, 2025, 04:05 UTC): Provides details about SBF_DOGE account.
