Fake X account claimed that Donald Trump ordered the US authorities to free Sam Bankman-Fried (SBF) from jail. Also, this suspicious X user launched a new meme token, $SBF.
Summary
- Fake Sam Bankman-Fried (SBF) launched a new meme token.
- Investigations found that an unknown person was trying to use SBF’s identity to spoof crypto investors.
- Experts suggested people remain away from such types of meme tokens or any link shared by this user.
Sam Bankman-Fried (SBF), co-founder & former CEO of FTX, a top second-ranked crypto exchange, badly collapsed in Nov 2022 following a report by Coindesk media about the company’s actual financial position. Later investigations found that SBF misused the FTX customers’ funds for personal benefits. Since March 2024, SBF has been in jail for the unethical practices that he did as an FTX CEO.
On 25 Feb 2025, an X account with username @SBF_DOGE tweeted that he got a full pardon, obviously from US President Donald Trump.
Through another tweet, this X account tweeted about the launch of a new meme token $SBF.
This X user tried to show that it is owned by Sam Bankman-Fried (SBF) & joined the Department of Government Efficiency (DOGE) after getting pardoned by the US president. It is worth noting that the account was fully verified as a government agency but is currently unverified following mass reporting by the Crypto X users.
The Bitcoinik.com team would like to suggest remaining away from any type of link or new meme token shared by this X user.
It is worth noting that today, the real X account of SBF became active but shared some useful & useless talks related to his past role as FTX CEO.
Sam Bankman-Fried on FTX’s Downfall
A week ago, in an interview, SBF shared some past stories about the FTX crypto exchange and said that the FTX exchange was financially stable enough to give the payout to all the FTX customers, but sudden withdrawal demand by the customers following negative reports around FTX caused the liquidity crisis.
Currently, the FTX bankruptcy leadership is engaged in the customer’s funds refund process. Reportedly many FTX users received their funds back.
SBF Demands Pardon From Donald Trump
In Jan of this year, the US president pardoned Silk Road founder Ross Ulbricht, who was sentenced to life in prison for running an underground online marketplace where drug dealers and others conducted more than $200 million in illicit trade using Bitcoin.
Following that news, SBF’s parents Joseph Bankman and Barbara Fried, held meetings with lawyers and other top figures in Trump’s orbit to unlock the pardon door for SBF.
Experts believe that the US president will not pay attention to SBF because he has already misused his power & caused billions of dollars in loss for crypto investors. Also, no Crypto entrepreneur or investor is in favour of giving any type of relaxation for him.
Disclaimer: We at Bitcoinik.com present you with the latest information in the crypto market. However, this information should not be regarded as financial advice and viewers should consult their financial advisors before investing.
