Sam Bankman-Fried, the fallen founder of FTX, broke his two-year silence on X with a post on February 25, 2025, sending the price of FTT, the exchange’s native token, up by 30% almost instantly.
In his message, Bankman-Fried quipped about ignoring his email for hundreds of days, likening it to government workers facing layoffs. He seemed to nod at a U.S. Department of Government Efficiency email push asking federal employees to defend their jobs. “Firing people is one of the hardest things to do in the world. It sucks for everyone involved,” he wrote, suggesting layoffs often point to management flops rather than worker issues.
1) I have a lot of sympathy for gov’t employees: I, too, have not checked my email for the past few (hundred) days
And I can confirm that being unemployed is a lot less relaxing than it looks
— SBF (@SBF_FTX) February 25, 2025
The post didn’t touch on FTX or its bankruptcy mess, but it still jolted FTT’s price, which climbed from $1.63 to $2.03 in minutes, per CoinGecko data.
The spike didn’t last, though—within 30 minutes, FTT slid back to $1.72. That’s still a far cry from its peak of $85.02 in September 2021, before FTX imploded, leaving it down over 97%.
This was Bankman-Fried’s first public word since January 2023, when he shared drafted congressional testimony. He’s been tied up in legal fights since, with FTX’s bankruptcy case dragging on and creditors still waiting to get paid. He’s serving a 25-year sentence at Brooklyn’s Metropolitan Detention Center after a March 2024 conviction on multiple fraud and conspiracy charges, though he’s appealing the ruling.
