The one-time crypto billionaire whose $16 billion fortune has b
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The one-time crypto billionaire whose $16 billion fortune has been eviscerated by the crisis at FTX.com crypto exchange once claimed to have up to $5billion to join in on Elon Musk's deal to buy Twitter.
Sam Bankman-Fried, 30, who touted last year that his crypto company would be big enough to buy Goldman Sachs, saw the biggest one-day collapse of wealth ever among billionaires.
However, back on April 25, he reached out to Musk through his banker Michael Grimes in an attempt to get in on his now-troubled reign as 'Chief Twit' of the social media giant.
The texts, which were unearthed from the lawsuit that essentially forced Musk to buy Twitter, reveal Bankman-Fried as eager to get in on the action.
Grimes - no relation to the singer and mother of two of Musk's 10 children - messages Musk, saying that he's 'serious about partner w/you.
Same security you own.'
The one-time crypto billionaire whose $16 billion fortune has been eviscerated by the crisis at FTX.com crypto exchange once claimed to have up to $5billion to join in on Elon Musk's deal to buy Twitter
Sam Bankman-Fried, 30, who touted last year that his crypto company would be big enough to buy Goldman Sachs, saw the biggest one-day collapse of wealth ever among billionaires
The messages, which were published on
Bankman-Fried briefly connects with Musk, saying: 'Great to meet you Elon! - happy to chat about Twitter (or other things) whenever.'
Musk, who claims to be in Germany at the time, sets up a time to chat but there are no further messages between the two.
Grimes notes in his texts with Musk that Bankman-Fried is a 'major Democratic donor' who 'believes in [Musk's] mission.' Indeed, Bankman-Fried handed $5.2 million to President Joe Biden's 2020 election campaign.
Musk responds: 'Blockchain [T]witter isn't possible, as the bandwith and latency requirements cannot be supported by a peer to peer network.'
Grimes hits back by saying: 'Absent the blockchain piece, he's focused on investing if you want his interest in Twitter and your mission but we can park him for now.'
The Tesla CEO hits back: 'So long as I don't have to have a laborious blockchain debate.'
The banker agrees, with Musk then asking if Bankman-Fried has the $3billion in liquid funds.
The messages, which were published on Twitter alongside texts from the Scottish philosopher William MacAskill briefly connecting the two then-billionaires, continue with Grimes saying Bankman-Fried would go up to $5billion in funding and wanted to engineer 'social media blockchain integration.'
Grimes responded: 'I think Sam has it yes. He actually said up to 10 at one point but in writing he said up to 5. He's into you. And he specifically said the blockchain piece is only if you liked it and not gonna' push it.'
He then once again hits the FTX.com founder as a huge Democratic fundraiser, saying he's 'second to Bloomberg in donations to Biden campaign.'
It doesn't appear that Bankman-Fried and Musk ever did any business together involving Twitter.
The embattled tech mogul, whose $16 billion fortune has been eviscerated by the crisis at FTX.com crypto exchange, made the plea on Wednesday - hours before rival Binance pulled out of a takeover deal.
Bankman-Fried, 30, said on the call with investors that FTX.com needed $4billion to stay solvent, a source told He told them that he messed up and would be 'incredibly, unbelievably grateful' for a bailout.
The crisis at FTX is linked to a 'liquidity crunch' after users withdrew $6 billion in 72 hours up to Tuesday morning.
On Wednesday, after larger rival Binance walked away from a bailout deal to rescue FTX, Bitcoin touched a two-year low of $15,632, down about 77 percent from its all-time peak of $69,000 reached in November 2021.
The meltdown follows a year of intense pressure for crypto markets, as rising interest rates prompted investors to ditch risky or speculative assets.
Bankman Fried, 30, was worth an estimate $16bn before the crisis but his fortune is down 94%
He also tweeted 'I f***** up' and 'should have done better' amid the ongoing crisis at FTX.com
The crisis has sent crypto markets in freefall, with Bitcoin tumbling 17 percent over the turmoil
The firm hoped to avoid collapse after a shock proposal by Binance to takeover the company - but Binance pulled out after reportedly finding a 'black hole' in FTX's books.
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