Tesla’s owner and Twitter’s latest CEO, Elon Musk, thinks that Sam Bankman-Fried is much better at “bribing media” than running a cryptocurrency exchange platform. The South-African billionaire further revealed details of his meeting with SBF earlier. and why they could not work.
Addressing the “huge question” concerning future media funding, Silicon Valley reporter Teddy Schleifer listed companies that received grants from Bankman-Fried. The names included ProPublica, Vox, The Intercept, Semafor, The Law and Justice Journalism Project, and A podcast.
Schleifer simultaneously linked a Puck News article which talked about SBF’s plans to fund billions of dollars to support the US Democratic Party’s lobbying operations, super PACs, scientists, newsrooms, and data forecasters.
While anointing FTX’s bankruptcy as “possibly the fastest personal wealth extinction event in history,” the article unravels SBF’s life story, career progression, and the turmoil of the “Bankman-Fried industrial complex.”
FTX’s meltdown has jinxed the hopes of many crypto believers.
With ongoing court proceedings, the legal representatives of FTX believe that Sam Bankman-Fried could have saved the company from bankruptcy if he did not intentionally mismanage funds. Elon has refused to let this go without expressing his opinion. The South African entrepreneur also disregarded rumours hinting that FTX’s defunct CEO had acquired a $100 million stake at Twitter.
A new round of criticism
Public opinion about FTX following its bankruptcy has degenerated. Before this event, there was a general public admiration and respect for FTX and its former CEO, Sam Bankman-Fried—the 30-year-old American used to be one of the most trusted, reliable, and admired figures in the space in the past couple of years.
Unfortunately, SBF has made history as the cunning man who stood firmly behind a multi-billion-dollar empire whose crash provoked immense and significant investor losses. Two of the world’s most influential figures who took the time to express their displeasure towards SBF are Twitter’s CEO, Elon Musk, and Binance’s CEO, Changpeng Zhao.
Via a recent tweet, Tesla’s CEO contended that FTX could still be actively operational if Bankman happened to have the same dexterous personality for managing it as he does for “bribing” the media.
Changpen Zhao responded to the funny tweet with a laughing emoji. At the start of this month, Elon divulged that he had a conversation with SBF before the Twitter deal. Elon revealed that he had his misgivings about SBF is an underwhelming figure after their discussion, saying there was “something wrong with that dude.”Binance, CEO, Chinpeng Zao
“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 shown an equally pathetic disposition toward the erstwhile FTX owner. He counselled SBF to desist from putting out uncanny tweets and instead pay strict attention to his multibillion-dollar issues and find adequate solutions. In one of his latest Twitter posts, SBF cited an unidentified “sparring partner” who could have pushed the platform into a death spiral, and some thought this could be Zhao. Binance’s CEO believes and stated that only a “psychopath” would make such a post, implying that it has no connection to the FTX crash.
SBF has no Twitter shares
Several rumours hint that Bankman-Fried might have bought a $100 million stake in Twitter before dealing with Elon Musk. Twitter’s CEOs revealed nothing of the sort occurred, describing the rumours as “false” and imploring specific media firms to desist from releasing false information.