Sam Bankman-Fried Rocks Crypto Market From Prison With X Comeback: 'gm'

Core Insights - Sam Bankman-Fried, the founder of FTX, has reactivated his social media presence while serving a 25-year sentence for fraud [2][4] - His recent posts have sparked significant activity in the cryptocurrency market, particularly affecting the FTT token [5][6] - Bankman-Fried continues to assert that FTX had sufficient cash to meet obligations despite the company's bankruptcy [7] Group 1 - Bankman-Fried's X account was reactivated on September 24, posting a simple greeting, which is common in cryptocurrency circles [2] - A follow-up post clarified that a friend is managing the account, indicating compliance with prison rules [3][4] - The FTT token experienced a surge of over 50% in value shortly after the reactivation but has since declined [5] Group 2 - The FTT token, once integral to FTX's valuation, is now vulnerable to market manipulation due to its lack of utility following the exchange's collapse [6] - Bankman-Fried has publicly blamed others for FTX's downfall, particularly criticizing the decision to file for bankruptcy [7] - He claims that restructuring efforts are taking too long and expresses disappointment over the situation [7]