Sam Bankman Breaks The Silence After 2 Years And Causes FTT Crypto To Surge.
After two years of silence, the former CEO of FTX, Sam Bankman, currently imprisoned, has made his return to social media. This unexpected appearance sparked a dramatic rise in the price of the FTT crypto, rekindling investor interest despite the historical collapse of the platform.
SBF resurfaces and triggers a surge in the FTT crypto
On February 25, 2025, Sam Bankman-Fried, the fallen founder of the FTX crypto empire, posted a message on X from his cell at the Metropolitan Detention Center in Brooklyn where he is serving a 25-year sentence.
A sawtooth value and an uncertain future
Following this post, the FTX’s FTT token experienced a sharp increase of nearly 30% in just a few minutes, rising from $1.63 to over $2, according to data from CoinMarketCap. This phenomenon confirms SBF’s persistent influence on the market, despite his disastrous legal situation.
However, this rally proved to be short-lived. In less than 30 minutes, the price of FTT dropped back to $1.75, illustrating the extreme volatility and fragility of this asset. It must be noted that the FTT token remains in a dire state, having lost more than 97% of its value compared to its historic peak of $85.02 reached on September 10, 2021, before the collapse of the FTX exchange in November 2022.
This volatility occurs in a particular context for FTX. The bankrupt exchange has recently begun the process of reimbursing its creditors, with a first wave of $800 million already distributed to 162,000 accounts. These reimbursements, calculated at the prices of November 2022, are criticized for their disconnect from the current valuation of cryptos.
