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FTX would still be solvent if 'SBF was as good at running a crypto exchange as he was at bribing media': Musk

Elon Musk

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  • Musk tweeted Wednesday FTX would still be ok if SBF was as good at leadership as at 'bribing media'.
  • He was responding to a tweet which questioned whether SBF will continue to fund certain media outlets.
  • Musk has been hitting out at the media after reports surfaced SBF may still own a stake in Twitter — which Musk robustly denied. 

Twitter CEO Elon Musk has taken a swing at FTX's founder, alleging the crypto exchange would still be solvent if Sam Bankman-Fried was as good at running a crypto exchange as he was at 'bribing media'. 

He seemed to be referring to FTX investing in media outlets during the three years that Bankman-Fried, or SBF, was CEO.

Musk made the jibes against the bankrupt crypto exchange's ex-CEO while responding to an earlier tweet that asked whether SBF will be able to continue funding media outlets after it filed for bankruptcy on November 11.

On November 12, Puck's Teddy Schleifer tweeted a list of media outlets that SBF previously funded — including Vox and Semafor — and questioned whether SBF will "continue funding media going forward."

The billionaire has also been hitting out at media houses after reports surfaced SBF may own a stake in Musk's Twitter — which Musk robustly denied. 

"I did not take the money. SBF/FTX do not own shares in Twitter," Musk tweeted Wednesday.

Conversely, Musk retorted that SBF is an investor in Semafor, the news publication which first published the report on Tuesday.

Since Wednesday, Musk and Ben Smith, the editor-in-chief of Semafor, have been locking horns on Twitter over the veracity of the report. 

Separately, Musk also denounced The New York Times for inviting SBF to speak with journalist Andrew Ross Sorkin at the New York Times DealBook Summit next week. 

"Is this really still happening?" Musk tweeted, tagging The New York Times. 

 

Musk and Smith did not immediately respond to Insider's request for comment.

Read the original article on Business Insider


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