December 10, 2022

Elon Musk says disgraced FTX CEO has stopped his 'bulls - T meter off'

Elon Musk says disgraced FTX CEO has stopped his ‘bulls – T meter off’

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.”

Bankman-Fried stepped down as CEO of FTX on Friday.
Bloomberg via Getty Images

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.