FTX CEO Sam Bankman-Fried Denies Offering $15 Billion for Elon Musk’s Twitter Buyout 12

FTX CEO Sam Bankman-Fried Denies Offering $15 Billion for Elon Musk’s Twitter Buyout

  • FTX’s Sam Bankman-Fried has denied all speculations claiming that he offered $15 billion for the Twitter takeover. 
  • The crypto billionaire initially offered between $3 billion to $5 billion to finance the deal but later rescinded the offer.
  • SBF shared a report published by Axios, confirming the correspondence with Musk.
  • The FTX CEO does hold a small stake in Twitter. 

FTX’s CEO Sam Bankman-Fried has refuted reports on Twitter claiming that he offered up to $15 billion to Elon Musk to finance his Twitter buyout. While responding to a question tweeted by a Twitter user, Bankman-Fried clarified that he had not made any offer to help Musk acquire the social media platform.

Sam Bankman-Fried never discussed a dollar amount with Musk

The crypto billionaire further tweeted a report published by Axios earlier this month, which took a deep dive into SBF’s alleged offer to finance the Twitter deal. As per the report, Sam Bankman-Fried never offered $15 billion to Musk. It was his advisor, William MacAskill, who told Musk that SBF had committed $5 billion in writing, and a further $10 billion were verbally suggested. 

The speculation around Sam Bankman-Fried stems from the text messages that were part of a court filing last month. These messages were part of the pretrial discovery process in Twitter’s lawsuit against Elon Musk. 

“$1-3b would be easy $3-8b i could do $8-15b is maybe possible but would require financing” MacAskill wrote in a text message to Musk. There were no text messages between SBF and Musk discussing a dollar amount for the Twitter deal. Axios reported that following a call with Musk, Sam Bankman-Fried pulled out from the potential financing deal. 

Elon Musk is the owner of Twitter now, but Sam Bankman-Fried does have a small stake in the social media platform. Although the crypto billionaire didn’t take part in the buyout, he has expressed that he is excited to see what plans Musk has for Twitter.