Sam Bankman-Fried (SBF), the former CEO of cryptocurrency exchange FTX, which suddenly went bankrupt towards the end of 2022 and caused Bitcoin to drop to $15,000, has caused chaos again. SBF posted a post from its X account that read “Good Morning.” This post was met with surprise. SBF was found guilty of fraud and embezzlement of billions of dollars in customer funds and was sentenced to 25 years in prison. While SBF's post attracted attention, it was later revealed that it was actually posted by a friend, not SBF himself. The caption to the tweet read, “It wasn't SBF who posted it. I shared it on his behalf, as a friend.” It remains unclear at this time whether SBF himself requested such a post or whether his friend made it without his knowledge. FTT Experienced a Sudden Jump! However, while this post from SBF's account brought to mind the idea that SBF had been released from prison, it significantly affected the price of the exchange's token, FTT. The price of FTT surged significantly within minutes, rising 45% in the hourly candle immediately following the post. FTT briefly rose above $1. FTT, which regained some of its rise after the truth came out, continues to trade at $0.98 with a 19% increase in the last 24 hours. *This is not investment advice. Continue Reading: Former FTX CEO SBF Posts Months Later, Causing Controversy! FTT Price Soars!
