FTX founder reports from prison
The discredited founder of FTX, Sam Bankman-Fried (SBF), reported from prison for the first time on the night of Monday to Tuesday, causing quite a stir among some altcoins.
The discredited founder of FTX, Sam Bankman-Fried (SBF), reported from prison for the first time on the night of Monday to Tuesday, causing quite a stir among some altcoins. In a series of tweets, the former CEO of the notorious crypto exchange, sentenced to 25 years in prison, expressed sympathy for fired U.S. government employees.
"I can confirm that being unemployed is much less relaxing than it seems," SBF declared. Bankman-Fried was apparently referring to a recent e-mail campaign by Elon Musk's "Department of Government Efficiency," DOGE for short.
This campaign called on government employees to submit a list of their current activities within a week or they would be fired. The FTX founder's statements, meanwhile, caused a violent but brief 30 percent rise in the price of the basically long-forgotten FTX token.
SBF has not commented on prison conditions, his detention and the bankruptcy process of the collapsed crypto exchange. Nor is it clear whether behind the X account is actually Bankman-Fried himself. SBF is currently in the Metropolitan Detention Center (MDC) in Brooklyn, New York. There, detainees normally do not have access to the Internet, which makes some observers skeptical.
At the same time as his posts, an X-account named "SBF_DOGE" was promoting a new Solana memcoin called "SBF. The account displayed a profile picture of SBF and featured a gray checkmark for government accounts. The SBF memcoin initially skyrocketed before the account deleted the tweet and the price completely collapsed.
