Sam Bankman-Fried, the disgraced former CEO of the collapsed FTX exchange, has resurfaced on social media after a two-year hiatus, posting a string of candid reflections on X that has left the crypto community stunned—and the market reacting.
In a surprising move, Bankman-Fried published a 10-post thread on Monday evening, despite still being in custody, raising serious questions about how he accessed the platform. Inmates typically have limited or no direct access to social media.
The posts covered a mix of personal reflections and commentary on recent government layoffs under the Trump administration, with Bankman-Fried using his signature sarcasm and wit.
“Firing people is one of the hardest things to do in the world. It sucks for everyone involved,” he wrote.
The recent mass layoffs orchestrated by U.S. President Donald Trump and the Department of Government Efficiency (DOGE), led by Elon Musk, has resulted in around 95,000 government jobs being cut, with sources suggesting more layoffs may follow. Bankman-Fried further shared his thoughts, reflecting on his own experiences with company layoffs during his time at FTX.
“And we saw it internally, when a manager would get busy or distracted, and half of a department would lose its bearing at the same time. 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”
Sam Bankman-Fried Seeks Trump Pardon
Sam Bankman-Fried is currently serving a 25-year prison sentence after being found guilty of orchestrating what has been described as “one of the biggest financial frauds in U.S. history.” Convicted for defrauding billions from investors through the collapsed crypto exchange, the 32-year-old former billionaire is now vying for a presidential pardon from pro-crypto President Donald Trump, who recently granted clemency to Silk Road founder Ross Ulbricht.
Despite his conviction, Bankman-Fried isn’t giving up the fight. He is actively appealing his case, arguing that it should be declared a mistrial due to alleged legal missteps during the proceedings. In a recent interview with the New York Sun, SBF criticized the legal process, claiming it was tainted by “prosecutorial overreach” under the Biden administration. His comments have stirred mixed reactions from analysts, especially considering that Bankman-Fried was one of the largest donors to Joe Biden’s 2020 campaign, contributing millions in an effort to support the Democratic Party against Trump. In the interview, Bankman-Fried expressed his disappointment with the Democratic Party, highlighting what he perceives as unfair treatment during his trial.
According to data from decentralized prediction platform Polymarket, there’s only a 3% chance that President Trump will grant SBF a pardon during his first 100 days in office.
Market Speculation and Community Reaction
Shortly after SBF broke his two-year silence on X, crypto traders swarmed to “SBF Coin”, a meme token inspired by the former FTX CEO. The coin saw a sharp uptick, surging 8.4% within just six hours.
The excitement didn’t stop there. FTX’s native token, FTT, also experienced a major rally, jumping over 29% from $1.60 to $2.07 shortly after Bankman-Fried’s tweets. However, the spike was short-lived, with FTT retracing to $1.77.
Quick Facts:
- Sam Bankman-Fried posts on X after a two-year hiatus.
- The imprisoned FTX founder shared his views concerning massive job layoffs going on in the US. currently.
- FTT’s value increases by 30% following the post.
