lon Musk wasted no time in entering the Twitter debate following the alleged breach of bankrupt cryptocurrency lender FTX, which resulted in the loss of hundreds of millions of dollars from company-controlled wallets.

Musk tweeted: “FTX meltdown/ransack being tracked in real-time on Twitter.” a few hours after the alleged breach started late Friday night. He also replied to a post by cryptocurrency pioneer Sam Altman with an obscene meme of former FTX CEO Sam Bankman-Fried.

Musk joined a Twitter Space with more than 60,000 followers at 2:30 am EST on Saturday to talk about the FTX hack and to express his opinions on Bankman-Fried.

“To be honest, I’d never heard of him,” Musk said. “But then I got a ton of people telling me [that] he’s got, you know, huge amounts of money that he wants to invest in the Twitter deal. And I talked to him for about half an hour. And I know my bullshit meter was redlining. It was like, this dude is bullshit – that was my impression.”

Musk continues, “Then I was like, man, everyone including major investment banks – everyone was talking about him like he’s walking on water and has a zillion dollars. And that [was] not my impression…that dude is just – there’s something wrong, and he does not have capital, and he will not come through. That was my prediction,”

The spectacular collapse of FTX – until this week one of the largest and seemingly most regulated exchanges in the world – hasn’t turned Musk off crypto as a whole.

*Article Photo Credits to: Hannibal Hanschke-Pool/Getty Images (Axel Springer Award 2020 on December 01, 2020 in Berlin, Germany)*

Nov 12, 2022
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