- Sam Bankman of FTX, in an effort to acquire Twitter, offered $3 billion to Elon Musk.
- The CEO of FTX suggested that Twitter incorporate blockchain technology as well.
- Musk claims his “BS detector” was triggered by SBF.
After a tweet brought up old text messages between Elon Musk, CEO of Tesla, and Sam Bankman-Fried, controversial founder of FTX, Musk explained why he had decided against working with SBF. Sam Bankman-Fried offered $3 billion on Twitter deal. Elon Musk said, “He set off my bs detector, which is why I did not think he had $3B.”
According to reports, the ex-CEO of cryptocurrency exchange FTX was worth over $24 billion in March and up to $16 billion as recently as November 7. Since the demise of FTX and Alameda Research, however, he can no longer be considered a billionaire by the standards of the Bloomberg Billionaires Index.
Sam Bankman-Fried offered $3 billion
The rumors claim that in March, intermediaries for Bankman-Fried expressed interest in investing in Musk’s bid for Twitter. In September, Musk’s text messages were made public as part of a court case.
According to reports, Musk was told by his Twitter acquisition banker at Morgan Stanley, Michael Grimes, that SBF was willing to invest “at least $3 billion” to back Musk’s purchase of Twitter. Musk had previously questioned Grimes about whether Sam really did have “$3B liquid” at the time.
However, as recent events have demonstrated, this wasn’t the case, prompting Musk to respond that his “bs detector” had gone off.
Bankman-Fried was also thinking about helping out with the development of a blockchain app that would function similarly to Twitter. To the contrary, Musk told Grimes, “Blockchain twitter isn’t possible,” despite his reputation as a vocal proponent of digital currency. Under the stipulation that he wouldn’t “have to have a laborious blockchain debate,” he agreed to meet with SBF.
On the same day as the FTX collapse, Musk joined a Twitter Spaces call with other prominent members of the cryptocurrency community to discuss the event. Bankman-Fried expressed skepticism that FTX founder Musk could come up with $44 billion for the acquisition, despite his efforts to help.
What did Elon Musk Know about SBF?
Musk said that he knew there was “something wrong” with Bankman-Fried from the moment they met. He is unable to follow through due to a lack of financial resources. Indeed, I had anticipated as much. That’s exactly what occurred,” he affirmed.
Source: Coin Edition
READ ALSO:
Leave a Reply