Sam Bankman-Fried and Elon Musk offered a “joint effort” to get Twitter –

• When Elon Musk proposed to purchase Twitter for $44 billion, various tech personalities made attempts to carry over the deal.
•  One of them was Sam Bankman-Fried, FTX CEO, recently-issued text messages disclosed this week.

A line of private texts revealed Bankman-Fried’s associate Will MacAskill said Musk that the FTX CEO was “likely interested” in getting Twitter and offered a “joint effort” with the Tesla chief. 

MacAskill, an advisor at the FTX Future Fund, revealed on March 30 that Bankman-Fried might donate between $3 to $8 billion for the deal, as per the message history found online.

Morgan Stanley banker Michael Grimes also attempting to offer a deal between the both, individually told Musk that Bankman-Fried could conclude at $5 billion and aid the engineering for social-media blockchain harmony.

Musk looked to doubt if the crypto bigwig, in reality, had billions feasible for those undertaking.

“Does Sam really have a $3B fund? Musk questioned Grimes.

Presently, Musk is the richest person in the world, having a net worth of $240 billion, as reported by Bloomberg Billionaires Index. Sam’s net worth stands at $9.4 billion. 

Musk also rejected the blockchain integration offer, revealing: “blockchain twitter is not possible, as the bandwidth and latency needs can’t be backed by a peer to peer network, but those peers are really huge, so beating the motive of a decentralised network.”

The revealed messages

Still, Musk appeared to have wished to develop a social media platform using blockchain. In a message sent to his brother Kimbal Musk, he stated about an idea for a blockchain social media system that “makes payments and short text messages both.”

“You have to give a little amount to list your message on the chain which will eliminate many spams and bots,” Musk, who declares 90%of the comments on his tweets are done by bots, revealed about his idea.

The last text was made on May 5, when Musk questioned Sam: “sorry, who is this?”

The representatives of FTX, as well as MacAskill, didn’t return Blockworks’ request for comment at the time of writing.

The text message display was revealed as part of the court fight between Twitter and Musk, who canceled his acquisition on July 8. He declared that the firm didn’t succeed in giving sufficient information regarding the amount of spam and fake accounts on the site.

Bret Taylor, the chairman of Twitter, promised a legal battle to impose the merger compliance. 

Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.

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