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2w ago

SBF Account’s ‘gm’ Jolts FTT as FTX Readies $1.6 Billion Payout and $1.1 Billion Clawback

The episode shows FTT still whipsaws on signals linked to the defunct exchange.

Sam bankman fried's sudden 'gm' lifts ftt token as ftx set to repay $1.6b
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Ftt token soars 32% after sbf drops gm tweet out of the blue

Overview

  • Sam Bankman-Fried’s verified X account posted “gm,” then clarified a friend had posted on his behalf while he remains in federal prison.
  • FTT spiked roughly 32% to about $1.10 over 24 hours, with some outlets reporting intraday highs near $1.20–$1.21 and daily volume rising to roughly $59–$70 million.
  • Federal prison rules bar direct internet or social-media access, making proxy posting consistent with Bureau of Prisons communication limits.
  • The FTX Recovery Trust filed a lawsuit seeking about $1.1 billion from Bitcoin miner Genesis Digital Assets, alleging preferential transfers before FTX’s collapse.
  • A third creditor distribution of roughly $1.6 billion is scheduled to begin on September 30, with payouts handled through providers including BitGo, Kraken, and Payoneer.