Michaela
Sam Bankman-Fried, the former CEO of the now-defunct cryptocurrency exchange FTX, has resurfaced on social media, breaking his silence with a post on X — the first since his sentencing.
In a February 25 thread on X, he expressed sympathy and solidarity for government employees. “I, too, have not checked my email for the past few (hundred) days,” he wrote. “And I can confirm that being unemployed is a lot less relaxing than it looks.”
Sam Bankman-Fried then went on to describe job terminations as one of the most challenging responsibilities, emphasizing that the process is difficult for all parties involved.
“I’d tell this to everyone we let go: that it was as much our fault for not having the right role for them, or the right person to manage them, or the right work environment for them,” Bankman-Fried wrote, reflecting on the layoffs that followed FTX’s collapse.
The former CEO’s remarks appeared to allude to a recent email initiative by Elon Musk’s Department of Government Efficiency (DOGE), which required government employees to provide a summary of their work over the past week or face potential termination.
According to the New York Post, over one million federal employees have complied with Musk’s directive, submitting their work summaries by the Monday evening deadline.
Moreover, Musk’s directive followed President Donald Trump’s call for a more aggressive approach to restructuring the federal government, instructing the DOGE to intensify its efforts.
After Bankman-Fried’s return to social media, FTT, the native token of the FTX exchange, experienced a sharp uptick, climbing from $1.63 to over $2 — a nearly 30% increase, according to CoinMarketCap data.
Despite the initial surge, FTT’s rally was short-lived, with the token’s price retreating to $1.71 at the time of writing.
Sam Bankman-Fried is currently serving a 25-year prison sentence after being convicted of defrauding investors out of billions of dollars – a case widely regarded as one of the largest financial frauds in U.S. history.
Hoping to follow in the footsteps of Silk Road founder Ross Ulbricht, Bankman-Fried has expressed his desire for a presidential pardon. Despite voicing support for conservative politics in recent years, his previous backing of the former administration raises doubts about whether he could secure clemency.
Read More
- SBF $1B Asset Forfeiture: Jets, Political Gifts, Robinhood Shares
- The Bankman-Fried Saga: When Political Donations Become a Family Affair
- Apology Accepted? Bankman-Fried’s 25-Year Sentence Sparks Disillusionment in Crypto Circles
Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
