‘The Big House’ One of the most influential voices has just joined the call to imprison him. This is Elon Musk, the CEO of Tesla (TSLA ຮັບລາຍງານຟຣີ , SpaceX and Twitter. The richest man in the world believes it’s time for Bankman-Fried to spend his days in jail.
It all started with a thread on Twitter in which he claimed that the former fallen king of cryptocurrencies was bad in the video game League of Legends, aka LoL.
“SBF was bad at League. Nuff said,” the Techno King, as he is known at Tesla, posted on Twitter on December 3., referring to Bankman-Fried’s low rank of Bronze III in the game.
“SBF doesn’t need anymore mentioning except for his court date,” a Twitter user commented, referring to Bankman-Fried’s initials.
“Agreed,” Musk quipped. “Let’s just give him an adult timeout in the big house & move on.”
A very large majority of the comments that followed agreed with Musk.
“Martha Stewart went to jail for less!” said one Twitter user.
“I can’t believe some media is trying to make him seem less guilty,” posted another user.
“A large timeout and every one of his accomplices,” added another user.
It’s important to point out that Musk has a brief and complicated relationship with Bankman-Fried. The latter had wanted to participate in the financing of the acquisition of Twitter by Musk.
Musk v. Bankman-Fried The tech mogul claimed at the time of FTX’s bankruptcy filing that Bankman-Fried “set off [his] bs detector .” ແຕ່ກ Semafor article later claimed, backed by text messages, that Musk had asked Bankman-Fried to roll his $100 million Twitter stake into Twitter 2.0, which Musk denied.
“As I said, neither I nor Twitter have taken any investment from SBF/FTX. Your article is a lie. Now, I’m asking again, how much of you does SBF own?” Musk said of the article.
“Semafor is owned by SBF. This is a massive conflict of interest in your reporting. Journalistic integrity is 🗑️,” Musk said at the time.
Bankman-Fried is one of Semafor shareholders.
ໃນຖານະເປັນການແລກປ່ຽນ crypto, FTX ປະຕິບັດຄໍາສັ່ງສໍາລັບລູກຄ້າ, ເອົາເງິນສົດຂອງເຂົາເຈົ້າແລະການຊື້ cryptocurrencies ໃນນາມຂອງເຂົາເຈົ້າ. FTX ເຮັດຫນ້າທີ່ເປັນຜູ້ຮັກສາ, ຖື crypto ຂອງລູກຄ້າ.
FTX ຫຼັງຈາກນັ້ນໄດ້ນໍາໃຊ້ຊັບສິນ crypto ຂອງລູກຄ້າຂອງຕົນ, ໂດຍຜ່ານແຂນການຄ້າ Alameda Research ຂອງບໍລິສັດເອື້ອຍຂອງຕົນ, ເພື່ອສ້າງເງິນສົດໂດຍຜ່ານການກູ້ຢືມຫຼືການຕະຫຼາດ. ເງິນສົດ FTX ທີ່ຢືມໄດ້ຖືກນໍາໃຊ້ເພື່ອປະກັນສະຖາບັນ crypto ອື່ນໆໃນລະດູຮ້ອນ 2022.
ໃນເວລາດຽວກັນ, FTX ກໍາລັງໃຊ້ cryptocurrency ທີ່ມັນອອກ, FTT, ເປັນຫຼັກຊັບຄໍ້າປະກັນຂອງຕົນ sheet balance . ນີ້ແມ່ນການເປີດເຜີຍທີ່ສໍາຄັນ, ເນື່ອງຈາກຄວາມສ່ຽງຄວາມເຂັ້ມແຂງແລະ volatility ຂອງ FTT.
The insolvency of FTX stemmed from a liquidity shortfall when clients attempted to withdraw funds from the platform. The shortfall appears to have been the result of Bankman-Fried allegedly transferring $10 billion of customer funds from FTX to Alameda Research.