The founder of FTX was revealed to hold $100 million in Twitter shares and had supported Musk's privatization of Twitter.
On the morning of November 23, Beijing time, it was reported that beleaguered FTX founder Sam Bankman-Fred (Sam Bankman-Fried) owned about $100 million in Twitter shares.
It is reported that a few weeks after midnight on May 5, a few weeks after Musk offered to buy Twitter for $44 billion, the Tesla CEO sent a text message to Bankerman-Fred, inviting him to convert his shares in Twitter-listed companies into shares in Twitter that Musk had privatized. FTX's balance sheet this month listed the Twitter stock as an "illiquid" asset.
Before Musk texted Bankman-Fred, the latter had sent a message saying that he supported Musk's plan to privatize Twitter and that he could no longer invest in Twitter. The cryptocurrency founder added that he had about $100 million worth of shares that could be transferred to the deal.
Spokesmen for Twitter and FTX declined to comment.
As early as September, when Twitter sued Musk for abandoning the acquisition, it disclosed a text message about the Twitter acquisition between Musk and Bankerman-Fred.
Will Will MacAskill, an adviser to Bankman-Fred, contacted Musk in March that the FTX founder was considering buying Twitter shares in person and was willing to contribute up to $8 billion to $15 billion to Musk's acquisition.
The two reportedly communicated over the phone, and Bankman-Fred later decided not to participate in the acquisition.
Since then, Musk has repeatedly belittled Bankman Fred on Twitter.
"Oh, my God, everyone, including the big investment banks-is talking about him as if he could fly on the water and have unlimited wealth, but I don't have that impression." "that guy is just-- something's wrong, he doesn't have the money, he can't pull through," he said. that's my prediction. "
Mr Musk's comments came shortly after news emerged that FTX had filed for bankruptcy protection because it was unable to obtain emergency funds. Mr Bankman-Fred reportedly lost 94 per cent of his net worth the day he resigned from CEO.
Bankman-Fred is not the only one who converts Twitter-listed shares into private shares. Twitter co-founder Jack Dorsey (Jack Dorsey) also transferred $1 billion of Twitter stock to the company that has been privatized by Musk.
