In another attempt to get a pardon from US President Donald Trump, the former boss of the collapsed crypto exchange FTX, Sam Bankman-Fried (SBF), has this time sent a message from jail supporting the current administration’s policies and pumping the price of FTX’s native token, FTT.
Today, in a thread posted on SBF's X account, the founder of the infamous exchange discussed hiring and firing people without mentioning anything crypto-related – except for his own experience at FTX.
1) I have a lot of sympathy for gov’t employees: I, too, have not checked my email for the past few (hundred) days
undefined SBF (@SBF_FTX) February 25, 2025
And I can confirm that being unemployed is a lot less relaxing than it looks
Before this post, which doesn’t allow anyone to reply, SBF last posted on X in January 2023, when he shared his drafted congressional testimony. Bankman-Fried still has more than 977,000 followers on X.
In either case, the most recent post comes at a time when the current administration of the US President is firing public servants at an unprecedented rate, claiming that it seeks to increase the efficiency of governmental agencies.
Just last week, Elon Musk, Tesla CEO and the boss of the Department of Government Efficiency (DOGE), sent an email demanding that federal employees provide their accomplishments from the past week – stating that failure to respond would be taken as their resignation.
Meanwhile, SBF begins his thread by saying that he has "a lot of sympathy for gov’t employees" and that he hasn't checked his email "for the past few (hundred) days."
"And I can confirm that being unemployed is a lot less relaxing than it looks," he said.
While discussing that firing people "is one of the hardest things to do in the world" and that, more often than not, it’s the fault of the organization that hired them, SBF concluded his thread by saying that "there’s no point in keeping them around, doing nothing."
Interestingly, the price of FTT went vertical despite the thread not mentioning anything related to the token or a brighter prospect for FTX, which recently started repaying money to its customers.
In around half an hour, FTT jumped almost 33% before dropping 16%, while trading volume more than doubled during this pump-and-dump. In either case, FTT is down 2% in a day and 22% in the past month and is almost unchanged over the past year, while still being down 98% from its all-time high in 2021.
In comparison, after a recent interview with SBF by The New York Sun, the price of FTT slipped, leaving the market perplexed about what exactly caused today's pump.
As reported by Cybernews.com, the parents of Bankman-Fried are exploring ways to secure a presidential pardon for their son, who was sentenced last year to 25 years in prison.
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