- No, SBF is just not getting back from jail
- FTT token spikes
FTX founder Sam Bankman-Fried has out of the blue reemerged on social media following a number of months of silence.
His comeback publish consists of simply two letters which are quick for “good morning” in crypto parlance.
Regardless of its minimalistic nature, the social media publish has already managed to draw roughly 4.5 million views.
No, SBF is just not getting back from jail
Baknman-Fried, whose private internet price was roughly $26 billion at its peak, had a really beautiful downfall in 2022, which ended up turning into one of many largest tales of the 12 months.
After it turned out that the alternate commingled buyer funds and lacked correct accounting, FTX filed for chapter along with its varied entities.
Bankman-Fried was arrested within the Bahamas in December 2022 and was later extradited to the U.S., the place he was charged with fraud. SBF was discovered responsible in November 2023 following a closely-watched trial and sentenced to 25 years behind bars.
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Throughout SBF’s incarceration, his social media account has tweeted on a number of events.
The newest tweet was merely SBF’s pal posting on his behalf.
FTT token spikes
SBF’s reappearance has additionally pushed the value of the FTX Token (FTT) sharply increased.
In accordance with CoinMarketCap knowledge, it’s presently up by 20% regardless of the clarification that Bankman-Fried had nothing to do together with his account’s most up-to-date exercise.