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Elon Musk was already suspicious of Sam Bankman-Fried, founder and former CEO of FTX.



Key facts:
  • Since Musk spoke with SBF, he predicted that SBF would not emerge.

  • Musk advised listeners in the space to store their cryptocurrencies in cold wallets, not in exchanges.

Billionaire investor Elon Musk revealed his impressions of Sam Bankman-Fried (SBF), founder and former-CEO of the FTX exchange, after meeting and talking with him before all the catastrophes that occurred in his companies.

Musk’s comments were broadcast live over the airwaves via a twitter space led by investor Mario Nawfal, who has been involved in the hacking of FTX, which has already been reported by CryptoNews.

While Musk commented that he was not sure he had much to add to the conversation after being invited to participate by the very same Kim Dotcom (founder of Megaupload), eventually agreed to be a speaker and co-host of the said event. space.

Musk admitted that he did not know much about SBF, but talked about an occasion when he spoke to him after people close to him told him that wanted to participate as an investor in the Twitter buyout..

I talked to him (SBF) for about half an hour. And I knew my bullshit meter was reaching its limit. I thought: this guy is pure ‘shit’ – that was my impression.

Elon Musk.

The term used by Musk to refer to Sam Bankman-Fried and his verbiage is. bullshitwhich is often used very colloquially to refer to lies or someone being insincere. The Twitter manager added that his expectations of SBF and its business were not good..

Everyone, including the big investment banks, talked about him saying that he walked on water and had a million dollars. And that was not my impression…. That guy is just… Something is wrong. He has no capital and he’s not going to make it. That was my prediction and that’s what happened.

Elon Musk.

In the tweet above you can hear a good portion of Elon Musk’s participation in the event space on the recent FTX hack, where he talks about SBF. It is worth noting that the space is still live at the time of writing, although Musk has since retired.

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Kim Dotcom took the opportunity to ask during the event. space whether people should withdraw their cryptocurrencies from exchanges and “regain full control” over them. Musk responded “absolutely.” The entrepreneur reiterated that people who own cryptocurrencies “should keep them on an exchange.” COLD WALLET and not in an exchange.”

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