News

Elon Musk reacts to SBF and FTX exchange on Twitter

Array
Elon Musk reacts to FTX and SBF getting away with users' money Elon Musk reacts to FTX and SBF getting away with users’ money

The cryptocurrency trading company FTX has formally filed for bankruptcy and requested protection from its creditors, the company announced in a news release on Friday.

Sam Bankman-Fried, the organization’s founder, chair, and CEO, also announced his resignation.

According to the company, more than 130 other FTX-affiliated businesses “have initiated voluntary proceedings under Chapter 11 of the United States Bankruptcy Code,” including Bankman-investment Fried’s company Alameda Research.

The company has experienced a wild week, going from having one of the largest cryptocurrency trading platforms in the world with $16 billion in assets to insolvency, frozen customer accounts, regulatory and judicial investigations, and rumblings of fraud in a matter of days.

Elon Musk, the CEO of Twitter and the richest man in the world, responded to the situation by making a few comments about the SBF and FTX situations as they developed.

Here are some of Elon Musk’s tweets:

A message from SBF partner to Elon when he tried to help Elon Musk buy Twitter.

Musk asked Netflix when will they release a series on SBF and FTX.

Elon Talks about SBF donating to Democrats

Tags

Roland is a Public Relations & Communications guru with an immense passion for the blockchain and crypto industry. A fusion of his expertise and passion led to the dawn of Optimisus in 2020.