SBF Invested $100 Million Prior to Elon Musk’s Twitter Deal
CoinEdition
Published Nov 23, 2022 05:22AM ET
SBF Invested $100 Million Prior to Elon Musk’s Twitter Deal
- Elon Musk accepted SBF’s contribution of $100 million prior to acquiring Twitter.
- Musk ridiculed SBF publicly for seeing his b*****t before FTX’s bankruptcy case.
- Reports reveal SBF offered Musk $3 billion to $ 10 billion to buy Twitter.
Semafor, a worldwide news analysis platform, recently brought to light vital new insights linked with Twitter CEO, Elon Musk, and the collapsed FTX exchange owner Sam Bankman-Fried (SBF).
In recent findings during SBF’s bankruptcy case, files revealed that two weeks after agreeing to acquire Twitter for $44 billion, Musk texted SBF that same night, inviting him to roll his $100 million interest in the company into a privately held Twitter.
The Tesla owner’s forecast definitely proved to be right over time. SBF reportedly went from being a crypto god to being exiled overnight, losing nearly all of his fortune till day.
But, in between all the hubbub, one crucial piece of information Musk conveniently ignored to share was SBF’s investment in Twitter deal. Also, the Twitter CEO personally invited him to contribute $100 million — as previously undisclosed texts reviewed by Semafor revealed.
Consequently, SBF, whom Musk has been constantly throwing shades at, is in fact a partner in Twitter.
According to Semafor, SBF’s advisor William MacAskill approached Musk to encourage a “joint venture.” MacAskill convinced Musk that SBF was willing to spend $3 billion and later up to $10 billion for Twitter.
Moreover, according to Semafor resources, an FTX financial sheet revealed to investors FTX’s Twitter shares as illiquid.
The post SBF Invested $100 Million Prior to Elon Musk’s Twitter Deal appeared first on Coin Edition.
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