Sam Bankman-Fried, despite being incarcerated, tweeted from his verified X account, raising questions about social media access for inmates. His message, consisting of the phrase “gm,” led to a notable 32% rise in the price of FTT, with trading volumes soaring.
Currently serving a 25-year sentence for multiple fraud-related convictions, SBF’s estate is actively involved in legal battles. The FTX Recovery Trust is suing Genesis Digital for 1.1 billion USD while planning to distribute 1.6 billion USD to creditors by September 30.
Leave a Reply