Sunday, November 27, 2022

Elon Musk Believes SBF Is Better at Bribing Media Outlets Than Running FTX



Twitter’s new CEO – Elon Musk – thinks Sam Bankman-Fried is much better at “bribing media” than managing a cryptocurrency platform.

The South African entrepreneur also dismissed the rumors that FTX’s former boss had purchased a $100 million stake at Twitter.

Another Wave of Criticism

The general public opinion on SBF has undoubtedly changed for the worse following the crash of his exchange FTX. The 30-year-old American, who was among the most trusted figures in the space, entered the pages of crypto’s history as the man who stood behind a multi-billion-dollar worth empire whose collapse caused considerable investor losses.

Two of the most prominent individuals to display their antipathy toward SBF are Elon Musk and Changpeng Zhao.

In a recent tweet, Tesla’s CEO argued that FTX could still be a functional entity should Bankman-Fried was as good at managing it as he is at “bribing” media.

Binance’s CEO Zhao was quick to react with a laughing emoji under the post.

Musk admitted earlier this month that he and SBF had a conversation prior to the Twitter deal. The world’s richest man was not left with a high opinion of Bankman-Fried, saying there was “something wrong with that dude.”

“I talked to him for about half an hour, and I know my bullshit meter was redlining. It was like, this dude is bullshit – that was my impression,” he added.

CZ has also not been kind to FTX’s former CEO. He advised SBF to stop posting mysterious tweets and instead fix his multi-billion-dollar issues.

In one of his recent public messages, Bankman-Fried mentioned an unknown “sparring partner” who could have pushed the platform on a death spiral, and some thought this could be Zhao. Binance’s boss said only a “psychopath” could drop such a tweet, claiming he has nothing to do with the meltdown.

SBF Doesn’t Own Twitter Shares

Several recent coverages indicated that Bankman-Fried might have purchased a $100 million stake in Twitter before the deal with Elon Musk.

Tesla’s CEO described the rumors as “false” and urged certain media companies to stop spreading such speculation.

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