FTX’s CEO Could Raise Up to $100M from Musk’s Twitter Acquisition

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FTX CEO Sam Bankman-Fried invested between $50 and $100 million in Twitter before Elon Musk took over Twitter.

The share of Bankman-Fried was estimated at 0.1%–0.2%.

On October 28, the founder of Tesla closed the deal to buy Twitter for $44 billion. On that day, exchanges suspended trading in the platform’s shares. On November 8, they will be delisted.

In late September, it became known that Bankman-Fried was “potentially interested” in financing Musk’s deal and allegedly was going to provide $5 billion.

Will MacAskill, an adviser to the head of FTX, tried to arrange a meeting with the billionaire, but the latter doubted the ability of Bankman-Fried to provide this amount. According to Axios, the head of the exchange withdrew the initiative after a phone call with Musk.

Louis Adams https://www.satoshihodler.com

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