FTX Founder SBF Returns to Twitter After 2 Years, Sends FTT Coin Soaring 40% with Post! - Coin Bulletin

Sam Bankman-Fried caught attention with his first post on X platform after a two-year hiatus, while the FTT token gained over 40% in value.

Cryptocurrency exchange FTX's founder Sam Bankman-Fried made a post on the social media platform X, formerly known as Twitter, for the first time since January 2023. Bankman-Fried's return to social media has sent the price of FTX's exchange token FTT soaring.

According to data from CoinGecko, FTT has gained more than 40% in a short period of time, rising from $1.57 to $2.25**. However, the token's price later dropped to the $1.75 level.

(# "Layoffs Are Due to Companies' Lack of Management"

Bankman-Fried shared his views on the recent mass layoffs by the U.S. government. The )DOGE### of the Government Productivity Department, led by US President Donald Trump and Elon Musk, has laid off about 95,000 people in various government departments.

As discussions about another wave of layoffs are being held, Bankman-Fried stated that layoffs are usually not the fault of the employees but have become inevitable due to management deficiencies.

"There are situations where internal politics cause departments to lose their way. However, if there is no work to be done, there is no point in keeping the employees." he said.

(# Hoping for Mercy from Trump

Currently serving a 25-year prison sentence on charges of fraud, Bankman-Fried was found guilty in a case described as 'one of the largest financial frauds in American history.' The former FTX CEO expressed hope for a similar pardon after Trump recently pardoned Silk Road founder Ross Ulbricht.