Following an exchange revealed this morning between Elon Musk and his banker in the purchase of Twitter, the CEO of Tesla and SpaceX said he had never had any confidence in Sam Bankman-Fried. Indeed, the ex-CEO of FTX had proposed to Elon Musk to participate in the purchase of Twitter to the tune of 5 billion dollars, which the latter had then refused.
Elon Musk would never have trusted Sam Bankman-Fried
The various revelations of FTX have caused so much commotion that Elon Musk himself wanted to give his opinion on the situation and his share of revelations about Sam Bankman-Fried.
Responding to a tweet revealing an exchange from last April between Elon Musk and his banker in the purchase of Twitter, Michael Grimes, the CEO of Tesla and SpaceX said that Sam Bankman-Fried had "set off his bullshit detector".
The exchange in question reveals that Sam Bankman-Fried, then CEO of FTX, was showing significant interest in Elon Musk's purchase of Twitter. Thus, the former billionaire would have expressed the possibility of investing "at least 3 billion dollars" and helping Elon Musk for "the technical part concerning the integration of the blockchain on the social network".
On this subject, the CEO of Tesla actually replied that the "Twitter blockchain" was impossible for reasons of bandwidth and latency.
In addition, Elon Musk explicitly questioned his banker about the veracity of Sam Bankman-Fried's words, even going so far as to question the liquidity he would have really owned. Later in the morning, Elon Musk posted a meme that was explicit to say the least about his view of the former FTX CEO.
Elon Musk speaks in a Twitter Space
In a Twitter Space launched this morning and still ongoing at the time of writing, Elon Musk spoke by invitation about the FTX hack and Sam Bankman-Fried in front of over 60,000 people. Here is the transcript of the dialogue regarding his contact with SBF: "To be honest, I had never heard of him. But then I had a ton of people tell me that he had, you know, huge amounts of money that he wanted to invest in the Twitter business. And I talked with him for about half an hour. And I know my bullshit detector was on red. It was like this guy was bullshit, that was my impression."
Elon Musk goes on to reveal that the ex-CEO of FTX had a reputation that he didn't trust: "Then I thought, man, everyone, including the big investment banks, everyone was talking about him like he walked on water and had billions of dollars. And that's not what I thought... this guy is just... there's something wrong, and he doesn't have any capital, and he's not going to make it. That was my prediction."
Finally, the now Twitter owner advised crypto holders to store their crypto currencies on a cold wallet rather than on a crypto exchange. He also expressed confidence in the future of Bitcoin (BTC), Ether (ETH) and Dogecoin (DOGE): "I think there's probably a future for Bitcoin, Ethereum, and DOGE. I can't really talk about the others. But if you have any of those three in a cold wallet, and outside of an exchange, I think it will work well."
