Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 12837
Markets: 99741
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12837
Cryptocurrencies
60.66%
Bitcoin Share
CoinDesk 2025-02-25 03:38:05

FTT Briefly Spikes After Sam Bankman-Fried Tweets for First Time in 2 Years

FTT Briefly Spikes After Sam Bankman-Fried Tweets for First Time in 2 Years

The token associated with defunct crypto exchange FTX surged briefly Monday night after Sam Bankman-Fried, the founder and onetime CEO of the platform tweeted for the first time in two years. Bankman-Fried, who was convicted on seven different counts of fraud and conspiracy in November 2023, is serving out a 25-year prison sentence . He's currently detained in the Metropolitan Detention Center in Brooklyn as his lawyers work through an appeal of his conviction. Still, his account on X (formerly Twitter) posted a 10-tweet thread about layoffs, seemingly referencing Elon Musk's push to have federal employees email their work activities from the past week or risk resignations. "I have a lot of sympathy for [government] employees: I, too, have not checked my email for the past few (hundred) days," his thread began . FTT, the token associated with FTX, briefly spiked from roughly $1.55 to $2.07 after his tweets before falling back to around $1.78, according to CoinGecko . Bankman-Fried does not have direct access to sites like X or email, but can send messages through the Corrlinks system, which lets prisoners in the U.S. communicate with others, a person familiar confirmed. It was not immediately clear who might be posting the tweets on Bankman-Fried's behalf. Over the weekend , Musk, who according to court documents is a special government employee, tweeted that federal employees would have to tell the Office of Personnel and Management what they did last week, with a non-response being considered a resignation. While some federal agency heads or other leaders told their employees not to respond, others said their employees should reply. It's another step in Musk's efforts to lay off broad swaths of the federal workforce at the behest of U.S. President Donald Trump. Bankman-Fried's tweets referenced layoffs and detailed circumstances that might cause an employer to fire employees. "It isn’t the employee’s fault, when that happens. It isn’t their fault if their employer doesn’t really know what to do with them, or doesn’t really have anyone to effectively manage them. It isn’t their fault if internal politics lead their department to lose its way," the thread said . After Bankman-Fried's tweets, another X account claiming without evidence to be him linked a contract address, claiming he received a pardon from Trump and now works for DOGE, the government entity that may or may not be led by Elon Musk. The linked token saw some immediate trading volume, according to on-chain data . The new, seemingly fake account has a label saying "it is a government or multilateral organization account," suggesting a government agency account may have been compromised and renamed. Read more: Private Jets, Political Cash Among $1B in Sam Bankman-Fried's Forfeited Assets: Court UPDATE (Feb. 25, 2025, 04:05 UTC): Adds information about SBF_DOGE account.

Most Read News



Cryptohopper
Market Cap
24h Vol
60.66%
Bitcoin Share
207
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.