Musk Doubted Bankman-Fried's Ability to Aid Twitter Before Call Set BS Detector Off
-
Elon Musk was skeptical when Sam Bankman-Fried reached out about implementing blockchain technology on Twitter, doubting SBF's technical capabilities and financial resources.
-
Investment banker Michael Grimes tried convincing Musk to meet with SBF, saying SBF could invest up to $10B in Twitter, later revising to $5B.
-
Musk questioned if SBF even had $3B in liquid assets, wanted to avoid a "laborious blockchain debate."
-
SBF did not end up investing in Twitter after a call with Musk, where Musk said SBF "set off my bs detector."
-
This adds to the controversy around SBF, who was just sentenced to 25 years in prison for fraud related to cryptocurrency price manipulation.