Fake SBF X Account Issues Memecoins

A fake X account claiming to be Sam Bankman-Fried (SBF) was found issuing meme coins.

Fake SBF Account Issues Memecoins

The account @SBF_DOGE, impersonating the founder of the fallen crypto exchange FTX, spread false information, claiming that SBF had been pardoned by former President Trump and had joined the DOGE team. The account also announced the creation of meme coins and provided a contract address related to the coins.

Several users raised alarms after finding the account suspicious. A clear giveaway was that the account had received the gray verification checkmark on X, which is typically reserved for government or multilateral organization accounts. Netizens pointed out that this was an instance of identity theft and fraudulent information. Investors are being cautioned to remain vigilant against such fraud and to avoid falling victim to scams.

Meanwhile, Real SBF Panders to Both Sides of Political Spectrum?

Coversely, the real account of SBF, the founder of FTX, tweeted for the first time in two years this morning. He wrote, “I sympathize with U.S. federal government employees. I haven’t checked my emails for hundreds of days. And I can confirm that unemployment is not as easy as it seems. Firing people is one of the hardest things to do in the world. It’s terrible for everyone involved.”

2) Firing people is one of the hardest things to do in the world. It sucks for everyone involved.

My experience:
a) it is usually not the employee’s fault that they got fired
b) it is usually correct to let them go anyway

— SBF (@SBF_FTX) February 25, 2025

SBF’s recent remarks about government efficiency have become a target for trolling, with many internet users suggesting that he is trying to gain favor with the opposition political party. This comes after he recently praised the Republican government and former President Donald Trump. SBF’s tendency to cater to both sides of the political aisle isn’t surprising.

In fact, SBF’s parents, Joseph Bankman and Barbara Fried, have reportedly held meetings in recent weeks with lawyers and individuals close to Trump to discuss the possibility of a pardon for SBF.

SBF was sentenced to 25 years in prison for fraud in the FTX bankruptcy case, but his defense team has argued that his sentence was excessively harsh, as most FTX customers have already recovered their lost funds.

Also Read: US Court Seizes $1B in Assets from FTX’s Founder SBF