The token, associated with abandoned crypto exchange FTX, rose shortly Monday night after Sam Bankman-Fred, founder and disposable CEO of the platform tweeted for the first time in two years.
Bankman-Fred, who was convicted of seven different counts of fraud and conspiracy in November 2023, is serving a 25-year prison sentence. He is 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) published a 10-tweet thread on layoffs, apparently referring to Elon Musk’s push to get federal employees to email their work activities from the last week or risk resigning.
“I have a lot of sympathy for [government] Employees: I also haven’t checked my E -Mail in the last couple (hundred) days, “his thread began. FTT, token, which is associated with FTX, short spiked from about $ 1.55 to $ 2.07 after His tweets before falling back to about $ 1.78, according to CoingeCKO.
2) shooting people is one of the hardest things to do in the world. It stinks for everyone involved.
My experience:
a) It is usually not the employee’s fault that they were fired
b) It is usually correct to let them go anyway– SBF (@SBF_FTX) 25 February 2025
Bankman-Fred does not have direct access to sites such as X or E-mail, but can send messages through the Corrlinks system that lets prisoners in the United States communicate with others, confirmed a person who is well known.
It was not immediately clear who might have published tweets on Bankman-Fred’s behalf.
Over the weekend, Musk tweeted, who according to court documents is a special government employee, that federal employees should tell the Office of Staff and Management what they did last week, with a non-response that is considered a resignation. While some federal agency executives or other managers asked their employees not to respond, others said their employees should respond.
That’s another step in Musk’s efforts to dismiss wide cuts of federal workforce at the request of US President Donald Trump.
Bankman-Fred’s tweets referred to layoffs and detailed circumstances that can cause an employer to shoot employees.
5) Maybe we just didn’t really have anyone free to control them right then. Maybe they worked the best externally, but our company communicated personally. Maybe they wanted to work on a particular project and that just wasn’t what the company needed.
– SBF (@SBF_FTX) 25 February 2025
“It’s not the employee’s fault when it happens. It’s not their fault if their employer doesn’t really know what to do with them or don’t really have anyone to effectively control them. It is not their mistake if internal Politics leads their department to lose their way, ”the thread said.
Read more: Private Jets, political cash among $ 1b in Sam Bankman-Fred’s lost assets: Court
