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Revisiting The Texts Between Elon Musk And Sam Bankman-Fried About Potential Twitter Deal

Elon Musk’s long-winding highway to proudly owning Twitter began again in March when it was revealed he was the corporate’s largest shareholder in response to a securities submitting. In anticipation of buying the corporate, Musk started assembly with different rich individuals who might make investments with him. 

Destruction Of Capital: A kind of is now disgraced FTX founder Sam Bankman-Fried, who rapidly went from one of many heroes of the crypto trade to arguably its greatest disappointment. FTX allegedly used billions of {dollars} of buyer deposits to fund dangerous crypto bets at Bankman-Fried’s Alameda Analysis

Matt Binder, a reporter and author at Mashable, shared screenshots of court docket data documenting texts between Musk, Bankman-Fried and others. The texts had been made public throughout Musk’s authorized proceedings with Twitter. 


In one of many texts, Musk requested Will MacAskill, recognized for serving to popularize “efficient altruism,” if Bankman-Fried “truly has $3b liquid.”

Nicely, the reply to that query now could be virtually actually no, with Bloomberg’s Billionaire Index estimating Bankman-Fried’s web value at $0

Learn Additionally: Crypto’s White Knight Wants A White Knight: May The FTX/CZ Drama Be Sam Bankman-Fried’s Fall From Grace?

Musk’s banker within the deal, Michael Grimes, advised Musk in a textual content that Bankman-Fried might assist combine blockchain into Twitter. Musk, who had expressed curiosity in that concept, replied that it isn’t attainable. In one other textual content, Musk asks Grimes to observe up with Orlando Bravo to see why Bravo declined to take a position with Musk in Twitter. 

FTX formally filed for chapter on Friday. In accordance with reviews, Musk warned Twitter workers that the corporate might face chapter as properly. On June 30, when Twitter was nonetheless a public firm and open monetary statements, it had greater than $2 billion in money equivalents and was burning about $200 million a yr. 

Learn Additionally: Elon Musk Warns Twitter Employees That Chapter Is Not Out Of The Query

Picture: Pixabay; SBF, Wikimedia; Knight, Rick Partington by Shutterstock



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