After the epic collapse of Sam Bankman-Fried's entire crypto empire this week, even Elon Musk took a moment from his extremely chaotic week at the helm of Twitter to declare that he never trusted SBF, who stepped down as CEO of FTX on Friday when the company filed for Chapter 11 bankruptcy.
Elon Musk says SBF of FTX set off his BS detector
11/12/2022
Bankman-Fried reached out to Musk back in March through their intermediaries (in SBF's case it was William MacAskill from FTX's Future Fund philanthropic arm, which shut down on Friday) to express his interest in investing in Musk's bid for Twitter. That news came out in September when Musk's text messages leaked through a legal proceeding.
Musk's banker on the Twitter deal, Michael Grimes from Morgan Stanley, told Musk at the time that SBF was offering "at least $3 billion" to help Musk buy Twitter, and wanted to talk about the potential for "social media blockchain integration."
Musk asked Grimes, "Does Sam actually have $3B liquid?"
On Friday night, as Crypto Twitter continued to have a field day re-circulating recent history involving SBF, a popular account that shares internal tech industry emails tweeted out the exchange again. Musk replied, "Accurate. He set off my bs detector, which is why I did not think he had $3B."
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