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- The spike in FTT price was short-lived, with strong selling pressure pulling it back below $1.0, reflecting continued volatility, after SBF account noted that the tweet was from a friend.
- FTX’s bankruptcy estate will distribute $1.6 billion to verified creditors on September 30, while the FTX Recovery Trust has filed a $1.15 billion lawsuit against Genesis Digital Assets.
FTX token (FTT) price exploded earlier today, moving all the way to $1.20 after a tweet saying “gm” resurfaced from Sam Bankman-Fried’s (SBF) official X handle. FTX founder SBF is currently serving a jail term and this development sparked major interest around the FTT price.
gm
— SBF (@SBF_FTX) September 23, 2025
Is Sam Bankman-Fried (SBF) Coming Back to FTX, as FTT Price Rallies
The latest tweet coming from the official Sam Bankman-Freid’s (SBF’s) X handle has led to strong market chatter, as the FTX founder is serving a 25-year prison term. Earlier today, the FTX token (FTT) price surged to $1.2 levels; however, it has faced strong selling pressure since then and has again pulled back under $1.0.
The post sparked a flurry of speculation among cryptocurrency enthusiasts on X. Some users interpreted it as a hint that SBF could soon resume activity on social media, while others suggested it might signal new developments in FTX’s ongoing bankruptcy proceedings.
However, within two hours of the “gm” post, the official X handle of Sam Bankman-Fried (SBF) confirmed that the post was not made directly by Sam Bankman-Fried, who remains incarcerated at FCI Terminal Island. According to the account’s bio, a friend manages SBF’s social media activity, likely sharing messages based on monitored conversations.
“No. SBF is not posting himself from prison. I am a friend posting on his behalf,” read another tweet. This has put the speculations to rest regarding SBF’s return or any other similar activity.
FTX to Resdistribute Creditor Funds
FTX’s bankruptcy estate is set to distribute $1.6 billion to creditors on September 30. This will mark the third major payout since the crypto exchange’s collapse nearly three years ago. This development comes after crypto exchange FTX unstaked $45 million worth of SOL last week, as reported by CNF.
The FTX Recovery Trust, which manages the ongoing bankruptcy process, said payments will be made to verified creditors through service providers BitGo, Kraken, or Payoneer, with funds expected to reach accounts within three business days.
Meanwhile, the trust has filed a lawsuit in the US Bankruptcy Court for the District of Delaware seeking to recover more than $1 billion in funds misused by former FTX CEO Sam “SBF” Bankman-Fried. The complaint targets crypto mining company Genesis Digital Assets (GDA), its affiliates, and two co-founders, alleging $1.15 billion in commingled and misappropriated funds linked to Bankman-Fried’s “fraud on customers and other creditors” at FTX in 2021 and 2022.
