Sam Bankman Fried, the founder of FTX, which suddenly went bankrupt in 2022 and caused a major crash in Bitcoin (BTC) and altcoins, shared on X for the first time since January 2023.
In his post, the SBF account discussed the company's layoffs and management issues.
SBF published a series of 10 tweets about the layoffs, referencing Elon Musk's efforts to have federal employees email their work activities last week or risk resigning.
“Firing people is one of the hardest things in the world. It’s bad for everyone involved. More often, the problem is that the company doesn’t have the right job for them.
“I would tell anyone we laid off: It was our fault because we didn't provide the right role for them, the right person to manage them or the right work environment for them.”
Following this post by SBF, FTT briefly rose by over 29%.
A source told Coindesk that SBF does not have direct access to sites like X or email, but can send messages through the Corrlinks system, which allows prisoners in the US to communicate with others. However, it is not yet clear who tweeted on behalf of Sam Bankman-Fried.
Trump Pardoned, I Joined DOGE!
SBF's posting after 2 years also prompted scammers to take action, and a fake SBF account claimed that he was pardoned by US President Donald Trump and joined DOGE.
The fake SBF account later announced that a memecoin had been mined along with a related contract address. The account was then given a grey verification X, indicating that the account belongs to a government or multilateral organization. This indicates that there has been clear identity and information fraud associated with the account.
Bankman-Fried is serving a 25-year sentence after being convicted in November 2023 on seven counts of fraud and conspiracy. He is currently being held at the Metropolitan Detention Center in Brooklyn while his attorneys appeal his conviction.
*This is not investment advice.
