Musk: SBF Holding $100 Million Worth Of Twitter Shares Is False

On November 23, 2022, the Twitter CEO responded to the news that SBF owns a $100 million investment in Elon Musk’s Twitter in the most recent tweet.

As reported by Business Insider, FTX founder Sam Bankman-Fried owns a stake in Twitter worth approximately $100 million.

The Twitter investment arrangement between Elon Musk and Bankman-Fried was referenced in the report. The Twitter CEO emailed Bankman-Fried shortly after midnight on May 5, a few weeks after offering to buy Twitter for $44 billion, urging him to convert his publicly traded Twitter shares into a stake in Musk’s privately held company, according to the publication. According to Semafor, the Twitter shares are listed as an “illiquid” asset on an FTX balance sheet from this month.

Musk’s text came after a message from Bankman-Fried in which he voiced support for Musk’s Twitter goals but stated that he would be unable to invest more funds in Twitter, according to Semafor. According to the publication, the crypto creator stated that he had roughly $100 million in stock that he could roll over into the deal.

However, in reaction to this publication, Twitter CEO has verified that SBF’s $100 million Twitter shareholding is incorrect and has yet to be clarified.

Back then, the FTX CEO investment deal with Twitter was turned down, and the FTX issue caused significant harm to the crypto industry.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Chubbi

Coincu News