FTX’s Sam Bankman-Fried wanted to get involved by buying Twitter.

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Elon Musk’s interest in buying Twitter has been rumored for weeks, if not months, earlier this year, with everyone following the development closely. Recently, however, several text messages have appeared, which show that Musk is not the only one who is interested in buying the so-called bird space.

Another individual interested in joining Musk was FTX’s Sam Bankman-Fried, a well-known figure in crypto circles. Bankman-Fried’s involvement was revealed in posts published during Elon Musk’s lawsuit on the social media platform.

Bankman-Fried wanted a partnership with Musk

According to reports, William McCaskill, a member of the FTX Future Fund, was trying to arrange a meeting between Bankman-Fried and Muck earlier this year in March. The goal was for the two entrepreneurs to discuss the acquisition of Twitter in a joint effort.

The messages were published on Twitter by New York Times reporter Kate Conger, who pinpointed the exact moment Musk scrapped the idea of ​​joining Twitter’s board and decided to propose taking Twitter private.

According to the messages, MacAskill may have mentioned that Sam Bankman-Fried is willing to join the platform’s acquisition for around $8-15 billion. However, this may have been overstated, or Bankman-Fried changed its mind, as Michael Grimes – Morgan Stanley’s head of global technology investment banking – later said Bankman-Fried would be willing to contribute $5 billion.

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The deal can’t happen now

More information has emerged, with Michael Grimes calling SBF a “super genius and creative developer” praising Musk. However, given what has happened since then, and especially Musk’s distaste for Twitter’s practices, the partnership between the two tech billionaires is highly doubtful.

Mook himself has said that the Twitter deal cannot continue because he believes that up to 90% of comments on Twitter come from spam accounts and bots. With 238 million daily active users, this means that most of the activity on the platform comes from bots, not real users, making Twitter a valuable platform to own and use.

According to Musk’s representatives, the platform has been making false and misleading claims about the number of actual human users in “violations of several provisions” of the agreement. This is specifically mentioned in the SEC filing from July 2022. After Musk turned down an offer to buy Twitter for $44 billion, the platform filed a lawsuit against him, saying, “Treat the company, disrupt its operations, destroy shareholder value.”

In the end, Musk responded to the August filing, noting that half of the company’s employees have access to “emotional systems”, which poses a security risk.


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