Elon Musk Reacts on Sam Bankman-Fried’s Twitter Share Holdings

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The post Elon Musk Reacts on Sam Bankman-Fried’s Twitter Share Holdings appeared first on Coinpedia Fintech News

According to semafor report, 2 weeks after clinching a deal to buy Twitter for $44 billion, Musk texted Bankman-Fried and invited him to roll the $100 million stake he had owned for a few months into a privately held Twitter. An FTX balance sheet prepared after the takeover closed on Oct. 28, and circulated to investors earlier this month, listed Twitter shares as an “illiquid” asset.

The previously unreported message, which was reviewed by Semafo discloses that Bankman-Fried owns a sizable chunk of a now privately held and debt-laden Twitter. Musk, who has publicly distanced himself from the crypto impresario since FTX failed earlier this month, now counts him as a financial partner in his effort to remake Twitter.

Overall, a few hours after the article was published, Musk himself denied the story, calling it false, and denied that the CEO of what was formerly one of the biggest exchanges in the world was involved in the acquisition of the social networking site.