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Whoever’s running SBF’s X account keeps following memecoin shills

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Whoever's running SBF’s X account keeps following memecoin shills

Sam Bankman-Fried’s X account, which claims to relay the convicted fraudster’s words “through a proxy,” is now apparently spending much of its time following promoters of insider enrichment schemes.

Among those followed by the account, according to tracker service Web3 Alerts, are a robot memecoin promoter, a “chaos trader on Solana shitters,” and another memecoin trader.

Another follow claims to be “manifesting 1000x” but most probably hasn’t.

The tracker first flagged the pattern on February 26 when @SBF_FTX followed someone who claims to be a “copy trade messiah.”

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Its owner openly promotes a token that’s lost one-quarter of its value in the past three months and is down 90% from its December 24 high.

The token’s description has all the hallmarks of AI slop, including run-on sentences, universality, superficiality, and a word salad of futuristic buzzwords. It reads: 

“An end-to-end solution enabling agents across domains, frameworks, and specialties to work together seamlessly in a unified environment—combining custom cognitive frameworks, collaborative architectures, and intelligent integrations to enable novel ways of executing work. From business automation to creative production, users will have access to agentic-driven workflows that adapt to their needs, enabling them to streamline processes and tackle ambitious projects with more autonomy than ever before. The entire agent-powered teams can be configured, deployed, and tailored without necessitating any technical expertise. We are defining a new era in personal autonomy.”

Whoever controls Bankman-Fried’s X account also followed someone on March 5 whose bio advertises a “Trojan referal bot” (that probably follows all terms of service and spells correctly when it actually conducts those referrals).

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That account promotes a Marco Rubio memecoin, “the most memeable guy right now” besides thousands of more famous people.

There are, of course, dozens of Marco Rubio memecoins with track records of near-total collapse, and a limitless supply of new, interchangeable celebrity memecoins.

Whoever is relaying Bankman-Fried’s messages from prison wants to know about them.

A proxy for prison communications

The @SBF_FTX account uses Bureau of Prisons-approved phone calls and emails to relay the prisoner’s words via tweets. Its bio reads: “SBF’s words. Posted through a proxy” and notes that follows don’t indicate endorsements.

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That disclaimer does a lot of heavy lifting. In recent weeks, SBF has been re-litigating his criminal conviction in the court of public opinion. He’s serving a 25-year sentence for fraud and conspiracy after stealing roughly $8 billion from FTX customers. 

Read more: SBF wants Trump to know he was working with Republicans all along

Federal inmates may not access social media directly. “A friend” manages it on Bankman-Fried’s behalf.

The follow spree from SBF’s account

All of this isn’t just disturbing, it has profound financial ramifications. Unfortunately, the @SBF_FTX account still moves markets.

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For example, when it posted “gm” in September 2025, the former FTX token FTT surged 60% within minutes. Follows or mentions from the account can push real traffic toward obscure tokens, disclaimer or not.

The follow spree raises obvious, indeterminate questions. Has the convicted architect of one of crypto’s largest frauds directed his “friend” to follow memecoin promoters from a federal prison? Why is this person following a “chaos trader on Solana shitters”? Why is SBF’s account lending a million followers’ worth of credibility to coin peddlers in the first place?

Bankman-Fried took billions of dollars from FTX customers, without their consent, to trade at his offshore hedge fund, Alameda Research.

Now someone speaking for him is following the next generation of coin promoters.

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Crypto World

Bitcoin Traders Bet On Sub-$66K BTC In April Due To Rising Fear

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Bitcoin Traders Bet On Sub-$66K BTC In April Due To Rising Fear

Key takeaways:

  • Bearish sentiment is rising as Bitcoin options professional traders lose confidence that the $66,000 level will hold for long.

  • The exit of David Sacks as the Crypto and AI czar and a lack of a clear US Strategic Bitcoin Reserve plan added to investors’ doubts.

Bitcoin (BTC) fell to $65,530 on Friday, an 8% decline from the $71,300 level seen on Thursday. This move wiped out over $210 million in leveraged bullish Bitcoin futures and left most call (buy) options worthless during the $18.6 billion monthly expiry. Traders now anticipate a 53% chance that Bitcoin will stay below $66,000 by April 24.

April 24 Bitcoin option prices at Deribit. Source: Deribit

On Friday, the April 24 Bitcoin $66,000 put (sell) options traded at 0.0566 BTC or roughly $3,730. With a 53% implied probability of Bitcoin trading below $66,000 by late April, the mood remains decidedly bearish following the increased uncertainty in the US and Israel-Iran war, pushing traders into a risk-averse mode.

US inflation threats and stalling crypto, Bitcoin legislation

Rising oil prices and a potential $200 billion in extra US military spending led investors to demand higher returns on government bonds and dragged the S&P 500 to its lowest levels since September 2025. West Texas Intermediate (WTI) oil surged to $100 on Friday, while 5-year Treasury yields reached 4.07%, up from 3.72% three weeks prior.

US 5-year Treasury yield (left) vs. S&P 500 (right). Source: TradingView

Inflationary fear and weaker corporate earnings perspectives alone cannot explain Bitcoin’s 20% underperformance against the S&P 500 in 2026. Other factors are likely at play, including investors’ discomfort over the lack of progress on the US Bitcoin Strategic Reserve.

David Sacks has stepped down from his role as the Trump administration’s crypto and AI czar. While Sacks remains an advisor on the President’s Council on Science & Technology, his departure follows earlier comments that inflated Bitcoin investors’ expectations. Sacks had previously hinted that the US could acquire more Bitcoin through budget-neutral methods without raising taxes.

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Related: US lawmakers publish crypto tax proposal without Bitcoin tax exemption

Bitcoin 30-day options delta skew (put-call) at Deribit. Source: Laevitas

The Bitcoin options delta skew jumped to 15% on Friday, showing that put options are trading at a significant premium relative to call instruments. In balanced market conditions, this metric usually ranges between -6% and +6%. The current level indicates a lack of conviction among whales that the $66,000 level will hold. Fear has largely dominated the Bitcoin options market since mid-January.

Bitcoin options expiry favored neutral-to-bearish strategies

Friday’s monthly options expiry at $68,610 proved unfavorable for neutral-to-bullish strategies, as 97% of call options became void. Bears gained the upper hand as put options at $69,000 or higher surpassed $2 billion in open interest. Critically, part of Friday’s downward move reflects a growing unwillingness among traders to maintain Bitcoin exposure over the weekend.

Crypto markets cut risk on Friday due to uncertainty. Source: X/WhalePanda

X social platform user WhalePanda, suggested that the crash in risk markets anticipates President Trump making “another dumb escalating move” after US markets close. Consequently, the current fear seen in the options market could reverse if no major geopolitical events occur before Monday.

During bearish cycles, traders often rush for the exits at the mere sight of any event that could be deemed negative. Investors should not take Bitcoin’s implied odds at face value, as these metrics are heavily impacted by recent news and headlines. However, expectations could shift more favorably if Iran effectively releases a counter-offer to the US peace proposal.