Elon Musk says disgraced FTX CEO set his ‘bulls–t meter off’

Elon Musk says he knew disgraced FTX founder and former CEO Sam Bankman-Fried was full of it.

In March, Bankman-Fried offered through intermediaries to help Musk buy Twitter, according to the texts leaked on Friday by the Twitter user’s internal technical emails.

The texts show that Musk’s banker, Michael Grimes, told Musk that Bankman-Fried was offering “at least $3 billion” to help Musk fund the Twitter deal and wanted to talk about the potential for “blockchain integration social media”.

Musk was skeptical. He asked Grimes, “Does Sam actually have $3 billion in cash?”

After the texts leaked, Musk replied on Twitter: “Precise. He triggered my bs detector, which is why I didn’t think he had 3 billion.

Bankman-Fried resigned as CEO of FTX on Friday.
Bloomberg via Getty Images

At least $1 billion in client funds — and possibly as much as $2 billion — disappeared in the shocking implosion of cryptocurrency exchange FTX, according to reports.

Musk’s take on Bankman-Fried, known in the industry as “SBF,” comes as FTX imploded late last week with reports that he secretly funneled $10 billion in client funds to his trading company, Alameda Research

At least $1 billion in client funds — and possibly as much as $2 billion — disappeared in the shocking implosion of cryptocurrency exchange FTX, according to reports.

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