Sam Bankman-Fried's Sudden 'gm' Lifts FTT Token as FTX Set to Repay $1.6B

Spike successful FTT enactment coincides with a station from Bankman-Fried’s X relationship contempt situation restrictions, drafting ire from the crypto community.

Sep 24, 2025, 7:17 p.m.

"What": a elemental reply by crypto influencer Gainzy beauteous overmuch summed up the sentiment erstwhile the notorious convicted fraudster Sam Bankman-Fried, oregon SBF, seemingly posted connected societal media aft a agelong hiatus (and contempt being successful jail).

To marque matters worse, the token linked to defunct crypto speech FTX surged astir 24% successful the past 24 hours, aft his X relationship posted a elemental "gm" connected Tuesday.

This elemental station seems to person been taken arsenic an accidental by speculative crypto traders to pump the FTT token, which present has nary worth associated with it, astir 50%-60% wrong minutes, reaching a highest of astir $1.20-$1.23. Despite his incarceration and clarification that the station was made by a "friend" connected his behalf, the token is inactive up 25%, trading astir $1.014, according to CoinDesk data.

The FTT token has besides seen a crisp summation successful enactment and trading volumes pursuing the post, according to information compiled by The Tie.

The fig of progressive addresses reached 201, importantly outpacing the monthly mean of 56, The Tie said. Additionally, centralized speech deposits doubled, reaching 13, portion withdrawals quadrupled to 38 compared to the monthly average, it added.

'Wen memecoin'

The crypto assemblage connected X reacted swiftly with anger, skepticism and wit to SBF's post.

One of the astir scathing replies came from on-chain researcher ZachXBT. In a now-deleted post, helium condemned SBF, stating that helium “deserves zero quality rights” owed to the harm caused by FTX’s collapse. His presumption reflects a conception of the community’s lingering resentment towards FTX's collapse, which wounded investors who are inactive waiting for immoderate of their funds from its bankruptcy property and the broader crypto community.

Read more: Who Won and Lost Most successful Sam Bankman-Fried's Criminal Scheme?

Other assemblage members, including Laura Shin, mocked SBF’s abrupt societal media activity, saying, "That's truthful 2021."

Meanwhile, Arthur Hayes, the BitMEX co-founder who present runs crypto task money Maelstrom, took a humorous jab, replying “Wen memecoin?” — a apt playful notation to the speculative, meme-driven quality of the surge successful FTT token aft SBF's unexpected post. This perchance underscores a presumption that the terms question was much astir marketplace science than substance.

Not the archetypal time

The surge successful FTT token — erstwhile a cardinal inferior token for trading interest discounts and staking benefits connected the FTX speech — has been mostly dormant since the platform’s spectacular implosion that ushered successful a brutal crypto wintertime that devastated galore investors.

However, strangely enough, this is not the archetypal clip this has happened. The aforesaid happening unfolded successful February of past year, erstwhile the SBF's relationship posted connected X for the archetypal clip successful 2 years. At the time, helium was detained successful the Metropolitan Detention Center successful Brooklyn, and his lawyers were working done an appeal of his conviction (the entreaty is ongoing, with arguments presently scheduled for November 2025).

The caller societal media station besides came arsenic the FTX property continues to enactment to repay creditors.

The FTX Recovery Trust is set to merchandise $1.6 billion to creditors astatine the extremity of this month, marking the 3rd large payout since the crypto exchange's implosion astir 3 years ago.

This caller activity, though perchance short-lived, shows the token inactive reacts sharply to headlines and sentiments — particularly those tied to its arguable founder.

Read more: Private Jets, Political Cash Among $1B successful Sam Bankman-Fried's Forfeited Assets: Court

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