**FTX Token Surges 20% Following Rumors of Sam Bankman-Fried’s Early Release**
Reports suggest that Sam Bankman-Fried (SBF), the co-founder of the collapsed FTX crypto exchange, may be released from prison on September 15, 2024. SBF, who was sentenced to 25 years in March 2024 for misusing customer funds and other charges, has been at the center of one of the most significant scandals in the crypto industry.
While these reports are circulating on social media, major news outlets have yet to confirm them, and some crypto enthusiasts are skeptical about the validity of the information. The FTX Token (FTT), which had been deemed largely worthless following the exchange’s bankruptcy and the leadership’s decision not to support it, has seen a notable price increase. The token's value surged by 2% recently and has risen by 16.76% over the past week.
