Elon Musk Shares Thoughts on FTX Founder Sam Bankman-Fried – This Is What He Said
Tesla and SpaceX CEO Elon Musk has claimed that he never trusted FTX founder and former CEO Sam Bankman-Fried.
Back in March, when Musk was trying to raise funds in a bid to finance his $44 billion Twitter buyout, Bankman-Fried reached out to the billionaire via intermediaries to express his interest in investing in Twitter.
As per leaked text messages, Musk's banker on the Twitter deal Michael Grimes said the billionaire that SBF was offering "at least $3 billion" to help Musk buy Twitter, and wanted to talk about the potential for "social media blockchain integration."
Musk asked Grimes, "Does Sam actually have $3B liquid?" showing skepticism about the FTX CEO's ability to prepare this amount of money.
Twitter user Internal Tech Emails, which has over 347k followers on the social media platform, shared a copy of the texts on Friday. Musk replied, "Accurate. He set off my bs detector, which is why I did not think he had $3B."
The text messages initially came out back in September as part of legal proceedings, showing that SBF was willing to contribute up to $5 billion toward acquiring Twitter.
Last week, SBF said they didn't invest in Twitter because of the crypto-related difference in visions for the social network.
As reported, FTX's desperate scramble for investors to repair its balance sheet eventually ended on Friday after the company filed for Chapter 11 bankruptcy, capping a sudden and startling downfall for one of the world's largest cryptocurrency exchanges.
Notably, FTX US, the US arm of the crypto exchange, has also been included in the proceedings, despite claims by the former CEO that their US exchange was fine.
The bankruptcy filing came after regulators around the world started freezing the troubled
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