Quick Take: FTX Former CEO SBF Returns to Twitter — How is He Posting in Jail?
Sam Bankman-Fried (SBF), the disgraced FTX founder, has allegedly resurfaced on social media, posting a thread about unemployment and layoffs.
- This left the crypto community wondering: How he could be tweeting from prison?
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- SBF’s post stated, “I have a lot of sympathy for gov’t employees: I, too, have not checked my email for the past few (hundred) days. And I can confirm that being unemployed is a lot less relaxing than it looks.”
- He went on to discuss the difficulties of firing employees, saying it’s “one of the hardest things to do” and that layoffs often happen even when it’s “not the employee’s fault.”
The thread quickly went viral:
- Many questioned whether SBF had access to social media from his high-security prison or if someone else was tweeting on his behalf.
“SBF JUST TWEETED FOR THE FIRST TIME SINCE 2023?” one user wrote, while another added, “Bro is literally in maximum security prison, how did he manage to get a phone?”
Still Behind Bars, But Online?
Bankman-Fried is currently serving a 25-year sentence for fraud and conspiracy at the Brooklyn Metropolitan Detention Center.
- Given the strict security measures, his alleged ability to post online has fueled speculation about whether he has unauthorized access to a device or if someone is posting on his behalf.
Claims FTX Never Went Bankrupt
The controversy follows a recent interview SBF gave from prison to the New York Sun, in which he claimed that FTX was never actually insolvent and that the exchange’s downfall was due to a temporary liquidity crisis.
- He argued that FTX had sufficient assets to repay all clients, but market panic made it impossible to liquidate those funds quickly.
- SBF placed blame on Sullivan & Cromwell, the law firm handling the bankruptcy proceedings, accusing them of mismanaging the estate.
- He also stated that the Republican Party is now more reasonable on crypto issues and expressed hope for a pardon from President Trump.
Despite these claims, court documents and industry reports indicate that FTX was deeply insolvent at the time of its collapse.
- His statements contradict findings that customer deposits were used for risky investments through Alameda Research, leading to a multibillion-dollar shortfall.
- Read more about FTX on BitPinas.
This article is published on BitPinas: Quick Take: FTX Former CEO SBF Returns to Twitter — How is He Posting in Jail?
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