Sam Bankman-Fried’s “gm” Tweet Sparks Speculation as FTX Token Jumps 32%

Late Tuesday, Sam Bankman-Fried’s verified X account posted a simple “gm”—crypto slang for “good morning”—setting off a frenzy of reactions across the digital asset world. The message was striking because the former FTX founder is serving a 25-year federal sentence and, by Bureau of Prisons rules, cannot access social media directly.

Within hours, a follow-up clarified that a friend posted the greeting on SBF’s behalf. Even so, the timing proved electric for FTT, FTX’s native token, which spiked about 32% to roughly $1.10. Daily trading volume surged from $10.4 million to nearly $59 million as traders speculated on the bankrupt exchange’s liquidation proceedings.

The brief tweet revived memories of SBF’s sporadic online musings months earlier about workplace challenges and government bureaucracy, as well as a lighthearted prison interview shout-out to Tucker Carlson.

Meanwhile, the FTX Recovery Trust escalated efforts to recoup losses, filing a $1.1 billion lawsuit against Bitcoin miner Genesis Digital Assets for alleged preferential payments before FTX’s collapse. The legal move lands just days before a scheduled $1.6 billion creditor distribution set for September 30.

Bankman-Fried, who moved from Brooklyn’s Metropolitan Detention Center to FCI Terminal Island in Los Angeles in April, remains bound to TRULINCS, a text-only prison messaging system far removed from the open internet. Any inmate found with a contraband cellphone risks solitary confinement and loss of good-time credits—making Tuesday’s viral “gm” all the more surprising to crypto watchers.