Elon Musk says he knew FTX founder and former CEO Sam Bankman-Fried was full of it.
In March, Bankman-Fried offered via brokers to help Musk buy Twitter, according to Friday’s leaked texts By Twitter user, internal technical emails.
The transcripts show that Michael Grimes, a Musk banker, told Musk that Bankman-Fried was offering “at least $3 billion” to help Musk fund the Twitter deal and wanted to talk about the possibility of “blockchain integration for social media.”
Musk was skeptical. Grimes asked, “Does Sam actually own $3 billion worth of liquid?”
After the transcripts were leaked, Musk responded on Twitter: “Accurate. He fired my detector, which is why I didn’t think he had $3 billion.”
At least $1 billion in client funds — and possibly as much as $2 billion — were reportedly lost in the shocking internal meltdown of cryptocurrency exchange FTX.
Musk’s opinion on Bankman-Fried, known in the industry as “SBF,” comes as FTX exploded late last week with He reported that he secretly transferred $10 billion in client money to his trading company, Alameda Research
At least $1 billion in client funds — and possibly as much as $2 billion — were reportedly lost in the shocking internal meltdown of cryptocurrency exchange FTX.
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