SBF’s X Account Posts ‘gm’ as FTT Jumps and FTX Estate Pursues $1.1 Billion Clawback
A friend said they sent the brief message from the verified account, prompting renewed scrutiny of prison communication rules for federal inmates.
Overview
- FTT rose roughly 32% to about $1.10 after the post, with daily trading volume climbing from around $10.4 million to nearly $59 million, according to CoinGecko.
- The verified account later replied that Sam Bankman-Fried did not post the message himself and that a friend handled the update.
- Federal prison policy allows monitored TRULINCS text-only messaging but bars internet and social media access, and contraband cellphones are prohibited.
- The FTX Recovery Trust filed a lawsuit seeking $1.1 billion from Genesis Digital Assets, alleging preferential payments before FTX’s collapse.
- The estate plans a third creditor distribution on September 30 that is expected to release about $1.6 billion to verified claimants.