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Elon Musk Trolls SBF Says He Was Better At ‘Bribing The Media’ Than Running FTX


thecryptobasic.com 24 November 2022 08:39, UTC
Reading time: ~3 m

Musk trolls SBF and asserts he was better at bribing media platforms than running his exchange.

In a tweet today, Elon Musk trolled former FTX CEO Sam Bankman-Fried, alleging that the embattled crypto founder was better at bribing news outlets than running the now-bankrupt crypto exchange, FTX.

“If SBF was as good at running a crypto exchange as he was at bribing media, FTX would still be solvent!” Musk tweeted in response to reports that grants promised by SBF to media outlets were at risk in the light of the billionaire’s stunning implosion.

If SBF was as good at running a crypto exchange as he was at bribing media, FTX would still be solvent!

— Elon Musk (@elonmusk) November 24, 2022

Just yesterday, the Twitter boss had to fact-check claims that SBF owns shares in Twitter. Musk clarified that while the former FTX chief had $100 million worth of Twitter shares before, he had not rolled them over following Musk’s takeover. The billionaire highlighted that SBF was the biggest investor in the news outlet startup, bringing their motives into question.

As previously reported, Musk had alleged that SBF’s large donations to the Democratic party had shielded him from scrutiny. Input Output Global chief Charles Hoskinson expressed similar sentiments saying it was protecting the former SBF chief from media accountability in response to what many described as a puff piece on the FTX founder by the New York Times.

Notably, Musk’s sentiments today elicited a response from Binance chief Changpeng Zhao who responded with a laughing emoji. It bears mentioning that in August, Terra whistleblower FatMan alleged that FTX had contracted journalists to release damaging information about Binance.

Meanwhile, amidst all of these, SBF has said he would be at the New York Times DealBook summit next Wednesday to have an interview with New York Times columnist and CNBC Squawk Box co-host Andrew Sorkin, implying he will be in the US for the event.

I’ll be speaking with @andrewrsorkin at the @dealbook summit next Wednesday (11/30). https://t.co/QocjPtCVvC

— SBF (@SBF_FTX) November 23, 2022

The journalist confirmed the story saying, “There are a lot of important questions to be asked and answered.”

SBF’s tweet has drawn a mix of outrage and confusion from many in the crypto community who believe that the billionaire should be behind bars. Notably, reports in recent weeks examining what led to the spectacular collapse of the crypto exchange and court filings from the restructuring officer reveal gross mismanagement of client and corporate funds tantamount to fraud.

With crypto Twitter bemused by the fact that the NYT has insisted on retaining SBF in the guest lineup, Matthew Yglesias asserts that the news outlet may be making a gamble to get traction for the event.

“Let me make this clear if SBF isn’t arrested and charged with fraud, wire-fraud, theft, and possibly money laundering before and instead gets to spew out his bullshit narrative, our system of justice has been compromised,” wrote Attorney John Deaton in response to the announcement calling the attention of US lawmaker Elizabeth Warren.

Dogecoin founder Billy Markus took a page from SBF’s playbook, tweeting only “what” in response with indications that it is the beginning of a sentence.

Meanwhile, Charles Hoskinson responded with a GIF showing mocking agreement.

The US Securities and Exchange Commission and the Department of Justice are investigating SBF and his bankrupt crypto exchange. However, many in the crypto community believe the SEC is compromised.

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