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Elon Musk Explains Why He Rejected FTX Founder’s $3 Billion Provide to Purchase Twitter

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Contents

  • “He set off by BS detector”
  • FTX will get hacked, funds leaving for anon pockets

@TechEmails Twitter account has shared screenshots of correspondence between Michael Grimes, who the identical account earlier this 12 months known as “Musk’s banker”.

In that correspondence, Grimes instructed that Elon Musk met with FTX founder Sam Bankman-Fried to debate their potential partnership relating to buying Twitter.

“He set off by BS detector”

In response to Grimes, Bankman-Fried supplied to take a position from $1 – $5 billion within the acquisition deal. He additionally supplied to assist Musk transit Twitter, as soon as it’s purchased, to a blockchain foundation.

Musk then defined his imaginative and prescient that Twitter on blockchain in inconceivable as a result of incapability of the peer-to-peer community to help bandwidth and latency necessities.

Within the correspondence, Musk requested Grimes if Bankman-Fried positively had $1-$5 billion.

As we speak, on November 12, Elon Musk responded to that tweet of @TechEmails, confirming that the screenshots had been real. He additionally offered the explanation why he rejected provide of the FTX founder – “he set off by BS detector”, Musk tweeted.

Because of this, he didn’t imagine that the founding father of FTX had the cash which he supplied to spend money on the acquisition of Twitter.

Now, Musk is slamming Bankman-Fried on Twitter, posting a Pornhub meme about FTX CEO.

FTX will get hacked, funds leaving for anon pockets

Phrase has been unfold on Twitter that hackers have attacked FTX and are withdrawing large quantities of crypto. Tether has frozen a transaction, carrying barely over $31 million.

See also  Bitcoin And Ethereum Might Awaken Bears If Fail To Maintain This Degree! This is The place BTC And ETH Value Are Heading This Weekend

Elon Musk, in his current tweet, acknowledged that Twitter’s contribution to FTX “meltdown/ransack” being tracked in real-time.

In response to CoinDesk, about $600 million in crypto has been stolen from the alternate which has simply filed for chapter.

@PeckShieldAlert has been reporting that crypto is being withdrawn from varied FTX wallets and is being despatched to an nameless pockets 0x59AB…32b.

A number of screenshots of crypto being moved from FTX have been printed within the thread.

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