Elon Musk was informed by a Sam Bankman-Fried advisor that the crypto billionaire was considering purchasing Twitter and integrating blockchain technology into the social media network.
Bankman-Fried is the founder and CEO of the cryptocurrency exchange FTX Trading Limited.
A number of Musk’s private texts that were made public as a result of Twitter suing him after the SpaceX founder backed out of a US$44 billion deal to buy the social media giant provide an overview of the saga.
Will MacAskill, a key advisor to Bankman-Fried, texted Musk about SBF’s interest in Twitter as Musk started purchasing Twitter shares and tweeting his displeasure with the social media platform’s censorship policies in March.
I’m not sure if this is what’s on your mind, but my collaborator Sam Bankman-Fried has long been potentially interested in buying it and then making it better for the world, MacAskill messaged Musk on March 29 in reference to a poll Musk had tweeted about Twitter policy and free speech.
Bankman-contact Fried’s information was provided by MacAskill, who advised Musk to get in touch with him if he were considering “a possible joint effort in that direction.”
In his text reply, Musk questioned whether Bankman-Fried possessed “huge amounts of money.”
According to MacAskill, Bankman-Fried had a market value of about US$24 billion at the time and might be willing to lend anywhere between US$8 and US$15 billion.