SBF tweeted from prison, and the crypto world went crazy 😱

On February 25, SBF, who was imprisoned in California, suddenly updated his Twitter account after two years of silence, directly causing FTT to surge by 40%, with related meme coins also following suit. The question arises—U.S. federal prisons explicitly prohibit inmates from possessing mobile phones, so how did he post on Twitter?

The official regulation is to confiscate all electronic devices, but the reality is quite different: in 2023 alone, 24,000 phones were seized from prisons, averaging 67 phones per federal prison each month; some mob bosses bribed guards with $200,000 to get phones; and even drug lords continued to remotely control drug trafficking by passing notes through lawyers.

So what is SBF doing? There are two guesses: one is that he has long handed over the account to family or team for management, leaving notes for them to send; the second is that the FCI Mendota where he is currently staying is a low-security prison with only about 900 inmates, and the management is relatively loose. Plus, FTX was a major donor to the Democratic Party, and both his parents are university professors—definitely a "privileged inmate."

Ironically, a tweet from prison can instantly ignite the crypto world. What does this indicate? The crypto world’s reliance on narratives about individuals is indeed extreme, to the point of being outrageous.