Tech billionaire and new Twitter CEO Elon Musk says he turned down a gathering with Sam Bankman-Fried earlier this 12 months after the previous crypto billionaire gave off some crimson flags.
First shared by Inner Tech Emails, which posts emails from the tech business that seem in public data, Morgan Stanley banker Michael Grimes reached out to Musk on behalf of Bankman-Fried providing a partnership on his Twitter funding.
In keeping with the e-mail data, Grimes advised Musk that the then-FTX CEO was fascinated with investing as much as $5 billion in Musk’s Twitter takeover, and doubtlessly serving to to implement blockchain to the social media platform.
Says Grimes,
“May do $5b if [everyone’s] imaginative and prescient[s] lock. Would do the engineering for social media blockchain integration. [He] based FTX crypto alternate.Believes in your mission, Main Democratic donor. So thought it was doubtlessly price an hour tomorrow…
Can discuss when you could have extra time, it’s not pressing but when tomorrow works it may get us $5 billion in fairness in an hour.”
Musk stated that due to Twitter’s bandwidth necessities, a blockchain integration would require huge nodes which might defeat the aim of making an attempt to decentralize the platform.
Later within the electronic mail alternate, Musk casts doubt on whether or not Bankman-Fried really has the money for such a deal.
“Does Sam even have $3 billion liquid?”
Musk, a crypto supporter and Dogecoin (DOGE) fanatic, confirmed the authenticity of electronic mail alternate on Twitter on Friday.
Correct. He set off my bs detector, which is why I didn’t assume he had $3B.
— Elon Musk (@elonmusk) November 12, 2022
The e-mail alternate came about lower than seven months earlier than Bankman-Fried, FTX, its buying and selling arm Alameda Analysis and several other different related entities went bankrupt, in what’s regarded as the largest wipeout of wealth from the crypto business in historical past.
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