The message, though short, triggered an immediate reaction in markets: FTT, the exchange’s native token, surged more than 30% in a single day, with daily trading volume swelling nearly sixfold to $59 million.
The token, once central to FTX’s trading ecosystem, has no functional role since the exchange’s collapse in 2022. Still, traders continue to speculate around it, and the sudden activity tied to its disgraced founder reignited interest. The price action underscored how even small signals linked to FTX can still influence sentiment years after the platform went offline.
Attention quickly shifted to who controls Bankman-Fried’s social media presence. The former CEO is currently serving a 25-year sentence at FCI Terminal Island, where federal inmates have no internet access and may only use a text-only prison messaging system. His X bio indicates the account is “shared by a friend,” alongside a monitored mailing address at the facility. The account has occasionally engaged in management-related threads since his conviction, adding to the intrigue around its activity.
The latest flare-up comes as FTX’s bankruptcy estate prepares another major creditor payout. Starting September 30, $1.6 billion will be distributed through BitGo, Kraken, and Payoneer. U.S. customers will receive an additional 40%—raising their recovery rate to 95%—while international users will see total repayments climb to 78%. In all, more than $6 billion has now been returned since the estate began liquidating assets.
Legal battles remain ongoing. The FTX Recovery Trust has filed a lawsuit against Bitcoin mining firm Genesis Digital Assets, aiming to claw back $1.1 billion in alleged preferential payments made before the exchange imploded. Bankman-Fried himself was convicted in 2023 of fraud and conspiracy for misusing customer deposits to cover losses at Alameda Research and fund political donations.
Once hailed as a crypto wunderkind, SBF’s dramatic downfall culminated in one of the harshest sentences handed down in the industry’s short history. Even behind bars, however, his name—and now his cryptic posts—continue to ripple through the digital asset markets.
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