Does the bankrupt Bitcoin king have a huge stake in Twitter?… Musk responds angrily

Weeks after announcing he lost $15 billion of his fortune in one day, he’s back Sam Pinkman Fried The founder of the “FTX” platform, one of the largest cryptocurrency exchanges in the world, is back to the fore.

This time, his name was associated with the name of the new owner of the Twitter platform, the American billionaire Elon Musk, after the latter denied that the “bankrupt Bitcoin king” had any stake in the bluebird.

Musk confirmed that everything that was mentioned in the report of the well-known “Semaphore” platform about Fried’s share in Twitter is untrue.

Musk also stressed in a tweet via Twitter, yesterday, Wednesday, that neither he nor Twitter had taken any investment from “FTX”, stressing that the platform’s report was false.

Then he came back and explained in another separate tweet, that Fried may own shares in Twitter as a public company, but he certainly does not own shares in it as a private company.

$100 million

Musk’s announcement came in response to a report published by business platform Semaphore, in which it confirmed that Bankman was backing Musk’s plans on Twitter, noting that the cryptocurrency founder has nearly $100 million in shares that he could transfer to the deal, according to the website. Insider.

Neither Twitter nor FTX spokespersons responded to a request for comment.

It is reported that Will MacAskill, Bankman’s advisor, had contacted Musk last March, claiming that he was seriously considering buying Twitter, but later decided not to play a role in the deal.

Since then, attacks have started between the two parties, and the FTX exchange has also crashed on Twitter.

Saab collapse

It is noteworthy that Sam Bankman Fried, just a few weeks ago, was considered the crypto version of the legend of the financial sector, John Pierpont Morgan, who founded the Wall Street giant and the largest American bank, “GB Morgan”, as some placed their bets on them in terms of the size of wealth, and his success in saving the industry. Crypto that witnessed a series of successive collapses, until it decided to declare bankruptcy after losing $ 15 billion in wealth in one day.

In addition, the dramatic collapse of the company, which has intensified over the past few weeks, was a stunning collapse of what was believed to be one of the most stable crypto companies in the world.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.