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Elon Musk Reveals Talks With Sam Bankman-Fried: “My Bullshit Meter Was Redlining”

Cheyenne Ligon is a CoinDesk news press reporter with a concentrate on crypto guideline and policy. She has no considerable crypto holdings.

Elon Musk didn’t squander whenever delving into the Twitter fray after an evident hack of insolvent crypto loan provider FTX drained pipes numerous countless dollars from company-controlled wallets.

Just a number of hours after the obvious hack started late Friday night, Musk tweeted “FTX meltdown/ransack being tracked in real-time on Twitter.” He likewise reacted to a post by crypto business owner Sam Altman with an obscene meme of previous FTX CEO Sam Bankman-Fried.

Around 2: 30 am EST on Saturday early morning, Musk signed up with a Twitter Space with over 60,000 listeners to talk about the hack of FTX and share his ideas on Bankman-Fried.

” To be sincere, I ‘d never ever become aware of him,” Musk stated. “But then I got a lots of individuals informing me [that] he’s got, you understand, substantial quantities of cash that he wishes to buy the Twitter offer. And I spoke with him for about half an hour. And I understand my bullshit meter was redlining. It resembled, this guy is bullshit– that was my impression.”

” Then I resembled, man, everybody consisting of significant financial investment banks– everybody was discussing him like he’s strolling on water and has a zillion dollars. Which [was] not my impression … that man is simply– there’s something incorrect, and he does not have capital, and he will not come through. That was my forecast,” Musk included.

Musk likewise informed listeners that they must keep their crypto in cold wallets, not in exchanges.

” I would declare that, if you have crypto, you need to have it in a directly-accessible cold wallet. Not in an exchange,” Musk stated. “That would be sensible.”

The magnificent collapse of FTX– up until today among the biggest and apparently most controlled exchanges worldwide– hasn’t turned Musk off crypto as a whole.

” I believe there most likely is a future for Bitcoin, Ethereum, and DOGE. I can’t truly speak with the others. If you’ve got one of those 3 in a cold wallet, and off an exchange, I believe my guess is it works out well,” he stated.


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Cheyenne Ligon is a CoinDesk news press reporter with a concentrate on crypto guideline and policy. She has no substantial crypto holdings.

Cheyenne Ligon is a CoinDesk news press reporter with a concentrate on crypto guideline and policy. She has no substantial crypto holdings.

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