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FTX bankruptcy reorganization | Musk comments on SBF: When he wanted to invest in Twitter, he didn't have $3 billion in intuition.

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FTX bankruptcy reorganization | Musk comments on SBF: When he wanted to invest in Twitter, he didn

Tech media @TechEmails revealed a conversation between Tesla founder Elon Musk and Morgan Stanley executive Michael Grimes, where it was discovered that Musk had already suspected the liquidity of FTX exchange founder SBF when seeking to invest in Twitter. Musk later smugly remarked, "He triggered my radar, that's why I don't think he has 3 billion."

Behind the Scenes of Musk's Divine Prediction

Morgan Stanley executive Michael Grimes approached Musk, testing his interest in having SBF participate in Twitter investments, offering to invest 10 to 50 billion dollars. Grimes pitched SBF to Musk, mentioning that he founded FTX, believed in Musk's vision, was a major political donor to the Democratic Party, and said SBF was interested in creating a blockchain-based social networking platform. SBF even boasted that he could immediately invest 50 billion if Musk liked him.

Musk Simply Doesn't Believe

Firstly, Musk stated that a blockchain version of Twitter is simply not feasible due to bandwidth and latency reasons, unless those nodes are super large, but then it would defeat the purpose of decentralization.

Grimes persisted, suggesting to drop the blockchain aspect and that SBF could still invest 30 billion dollars. However, he also mentioned that billionaire Orlando Bravo, upon verification, likely also rejected such a proposal today.

Musk immediately grew suspicious, asking why Orlando Bravo would refuse. He requested to speak with him.

He also inquired, "Does SBF have 30 billion dollars in liquidity?"

Grimes believed SBF had the money, even stating that he could potentially go up to 100 billion dollars, and praised SBF's achievements. Finally, Grimes agreed to arrange a meeting between Musk and Orlando Bravo.

What followed was as witnessed by people worldwide: Binance smoothly invested five billion dollars to become a shareholder, and SBF informed the community that the proposal involving blockchain was rejected because Musk didn't like it.