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Elon Musk Tells Bankman-Fried Who Is at the Center of a Billion Dollar Crypto Scam

    Elon Musk Tells Bankman-Fried Who Is at the Center of a Billion Dollar Crypto Scam

    According to New York Post: Twitter CEO Elon Musk was mocked by several users on his platform for accusing cryptocurrency baron Sam Bankman-Fried of never having been investigated.

    A November 13 tweet by the billionaire businessman alleged that Mr Bankman-Fried would not come under scrutiny because he was a donor to the Democratic Party. The SBF was a major DeM donor, so there was no investigation, Mr Musk told Mr Bankman-Fried who is at the center of a billion-dollar crypto scandal.

    The founder of now-defunct cryptocurrency exchange FTX was arrested in the Bahamas on Monday on orders from the US government, marking a stunning fall from grace for the 30-year-old entrepreneur.

    Mr Musk also shared a graphic representation alleging that he had a personal relationship with Securities and Exchange Commission Chairman Gary Gensler.

    After Mr Musk’s old tweet went viral again after Mr Bankman-Fried’s arrest, Twitter users launched a scathing attack on the Tesla and SpaceX CEOs, pointing out that his tweet was incorrect.

    Several users noted that the billionaire fared little better than his infamous prediction in March 2020 that the US would have zero Covid cases by the end of April and that he “couldn’t help being wrong about everything”.

    Twitter user Louis Kahn said, “Well say what you want about Elon, but he has a special talent for being proven wrong time and time again.” Many right-wing commentators have criticized FTX and Mr Bankman-Fried has accused the Democratic Party of money laundering and described the company’s bankruptcy as a blow to its rivals.

    But Mr Bankman-Fried, who was the second-biggest donor to Democratic politicians in the last election cycle, himself claimed he had donated equally large amounts of money to Republicans.

    All my Republican donations were black, crypto influencer and YouTuber Tiffany Fong said in an interview, referring to political donations that have not been publicly disclosed. The reason wasn’t for regulatory reasons, it’s because if you donate to a Republican the journalists f*** out. They are all very generous and I didn’t want that fight.

    With the surprise arrest, however, it is not just Mr Musk whose predictions got wrong. I don’t think I’ll be arrested,” the FTX founder said Monday during a Twitter Space audio panel attended by more than 19,000 people, hours before his arrest.

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