Elon Musk Confirms Bankman-Fried Owns 0% of Twitter Despite Reports Claiming a $100M Stake – Featured Bitcoin News

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Elon Musk Confirms Bankman-Fried Owns 0% of Twitter Despite Reports Claiming a $100M Stake – Featured Bitcoin News
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Elon Musk has confirmed that Sam Bankman-Fried, former CEO of collapsed crypto exchange FTX, does not own any stake in Twitter despite SBF-backed publication claiming otherwise. cryptocurrency

Elon Musk Confirms Bankman-Fried Owns 0% of Twitter Despite Reports Claiming a $100M Stake

The confirmation followed an article published Wednesday by Bankman-Fried-backed publication Semafor indicating that SBF owns a $100 million stake in the social media platform. The article claimed to have obtained a private text message between Musk and Bankman-Fried as proof of the stake.. The crypto exchange filed for Chapter 11 bankruptcy on Nov. 11 and SBF stepped down as the CEO.in your reporting.

The article also claimed that Musk texted Bankman-Fried and “invited him to roll the $100 million stake.” However, it appears from the text message that it was SBF who texted Musk and the Tesla CEO did not even know who the text message was from.

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