Sam Bankman-Fried, the former FTX boss currently behind bars, has recently caused a stir on social media. His X account posted a simple “gm” (good morning), triggering a wave of speculation about FTX’s FTT token.

A “hello” that makes noise.

The “gm” message posted on Sam Bankman-Fried’s verified X account surprised the crypto community. What for? Because SBF, incarcerated in a US federal prison, is not supposed to have access to social networks.

That little “hello” was enough to send the FTT token soaring 32% to around $1.10. The volume of trade also exploded, from $10.4 million to nearly $59 million.

SBF is in prison, but still influential

Sam Bankman-Fried is currently serving a 25-year sentence for fraud and conspiracy. Despite his incarceration, he remains an iconic figure in cryptocurrency.

His last tweet was several months ago, where he talked about layoffs and professional challenges. More recently, he had thanked Tucker Carlson for an interview in prison.

And to specify a few hours later:

“[No, SBF doesn’t publish himself from prison. I’m a friend who posts in his name.] »

Along with this social media activity, the FTX Recovery Trust has filed a lawsuit against Genesis Digital Assets, a Bitcoin mining company. FTX is seeking to recover $1.1 billion, alleging that Genesis received preferential payments before FTX’s bankruptcy.

The lawsuit comes as FTX prepares to distribute $1.6 billion to verified creditors on September 30. FTX’s liquidation continues to attract the attention of traders, even though the company is in the midst of liquidation proceedings.