On Tuesday night, Sam Bankman-Fried’s verified X account posted a two-letter greeting, “gm,” brief for “good morning.”
Whereas the greeting has change into a well-known catchphrase within the crypto neighborhood, SBF’s message drew rapid consideration as a result of inmates in U.S. federal prisons are usually not speculated to have direct entry to social media, elevating questions on whether or not the submit was made by him or by somebody posting on his behalf.
FTT, the native token of the now-bankrupt FTX alternate, is buying and selling at round $1.10 on the time of writing, up roughly 32% over the previous 24 hours. Each day buying and selling quantity has surged virtually sixfold, from roughly $10.4 million to just about $59 million, in keeping with information on CoinGecko.
As soon as used to chop charges and function collateral on FTX, the token misplaced its core utility after the alternate’s November 2022 chapter. It continues to attract speculative buying and selling curiosity in the course of the property’s liquidation course of.
gm
— SBF (@SBF_FTX) September 23, 2025
SBF, founder and former CEO of the shuttered FTX alternate, is serving a 25-year federal sentence after being convicted on seven counts of fraud and conspiracy for siphoning off billions in buyer funds from the alternate and deceptive buyers about its funds.
He final tweeted at size months earlier in a sequence of posts reflecting on layoffs, office challenges, and even authorities forms, writing in regards to the issue of firing workers, expressing sympathy for these going through unemployment, and joking about not checking emails for days.
Per week later, he thanked former Fox Information host Tucker Carlson for a jail interview.
Earlier on Tuesday, the FTX Restoration Belief filed a lawsuit towards Bitcoin mining agency Genesis Digital Property, searching for to claw again $1.1 billion. The lawsuit alleges that the corporate acquired preferential funds within the months main as much as the alternate’s collapse.
The transfer comes simply days earlier than the property is ready to start its third main creditor distribution on September 30, which is able to launch about $1.6 billion to verified claimants.
Tweets from jail
SBF was transferred to the Federal Correctional Establishment Terminal Island in Los Angeles in April, after 18 months on the Metropolitan Detention Middle in Brooklyn, New York.
Beneath the Bureau of Prisons’ guidelines, federal inmates could use TRULINCS, a safe messaging system that enables textual content‐solely communication (no attachments) with accredited contacts. The system is monitored and screened, and doesn’t grant entry to the broader web.
Possession or use of a contraband cellphone is strictly prohibited, and if found, it will probably result in disciplinary motion, together with solitary confinement or docking of “good conduct time.”
Some inmates’ attorneys try and submit statements: the inmate sends a textual content or letter to somebody exterior, who then posts it to their social media handles.
Decrypt reached out to Sam Bankman-Fried’s protection counsel at Shapiro Arato Bach LLP, in addition to officers on the Federal Bureau of Prisons and FCI Terminal Island, for touch upon the “gm” submit however didn’t instantly obtain a response.
