Elon demands disgraced ex-NYT media reporter reveals if he has a financial interest in collapsed FTX

1 week ago

Elon Musk demanded an ex-New York Times newsman to uncover if helium has a fiscal involvement successful failed FTX chairman Sam Bankman-Fried - aft the writer accused him of moving with the crypto ex-CEO. 

Billionaire Musk repeatedly distanced himself and mocked Bankman-Fried since FTX filed for bankruptcy connected November 11, the aforesaid time that helium stepped down.

However, a communicative written by Ben Smith's media upstart Semafor claimed that Musk texted Bankman-Fried conscionable aft helium sealed the woody for Twitter and invited him to rotation his involvement into Twitter. 

But leaked texts posted online revealed that Musk successful information responded by asking who was contacting him, writing: 'Sorry, who is sending this message?'

And alternatively of 'inviting' Bankman-Fried to invest, Musk simply wrote: 'You're invited to roll.'

Musk furiously denied the accusations lodged against him - and alternatively turned to the Semafor Editor-in-Chief asking: 'How overmuch of you does SBF own? Stop dodging the question.'

He besides made wide that Bankman-Fried 'does not ain shares successful Twitter arsenic a backstage company' and 'neither I nor Twitter person taken immoderate concern from SBF/FTX.'

Bankman-Fried was, however, among Semafor's archetypal investors successful an archetypal rise of $25 cardinal - which is acceptable to past until aboriginal 2024. 

Self-proclaimed 'Chief Twit' Elon Musk slammed an ex-New York Times media newsman who accused him of allowing failed FTX president Sam Bankman-Fried to put successful Twitter, portion SBF had invested successful the media task himself

Semafor exertion and erstwhile media writer for the New York Times Ben Smith accused Musk of involving Bankman-Fried successful the deal

Musk has repeatedly distanced himself and mocked Bankman-Fried since FTX filed for bankruptcy connected November 11, the aforesaid time that SBF stepped down arsenic CEO

After the substance connection was published connected Twitter, Musk went connected the offensive. 

He tweeted: 'All nationalist holders of Twitter were allowed to rotation their banal into Twitter arsenic a backstage company, but helium did not bash so. 

'Your reporting made it falsely dependable similar helium did, erstwhile successful information helium owns 0%. For the past time, however overmuch of you does SBF own? Stop dodging the question.' 

Smith - who besides utilized to beryllium Editor-in-Chief astatine Buzzfeed and leaked the discredited Steele dossier - broke distant from the paper earlier this year, and is present spearheading Semafor, which launched connected October 18. 

When reporting for the Times, helium besides suggested that the since proven Hunter Biden laptop communicative was a Trump run effort to merchantability a communicative to the press. 

Smith has defended astatine magnitude the website's editorial prime to people the Steele dossier.

In an op-ed for the New York Times, Smith writes: 'News organizations should alternatively see this reality: Our assemblage inhabits a complex, polluted accusation environment; our relation is to assistance them navigate it — not to unreal it doesn’t exist.' 

Other funders funders see David Bradley, proprietor of The Atlantic mag and Jessica Lessin, laminitis of exertion website Information. 

At launch, Semafor said that 75 percent of its gross volition travel from advertizing and 25 percent from lawsuit sponsorships. 

Despite presently being a escaped platform, the institution yet plans to complaint for subscriptions. 

Semafor is acceptable to code the contented that the nationalist has with trusting the press. By sectioning facts and investigation successful their writing, the level hopes to separate hard truths from sentiment is simply a easy-to-read way. 

Alongside Smith and Smith, Semafor has hired a slew of apical US media editors and reporters - including Reuters' Gina Chua as Executive Editor and Wall Street seasoned Hoffman.

Musk revealed helium rejected crypto mogul Sam Bankman-Fried's connection to assistance concern his Twitter takeover past spring, saying the now-disgraced FTX laminitis acceptable disconnected his 'bulls**t meter'.   

'To beryllium honest, I'd ne'er heard of him,' Musk said of the embattled crypto mogul, portion speaking successful a Twitter Spaces audio chatroom aboriginal connected Saturday, according to CoinDesk

'But past I got a ton of radical telling maine [that] he's got, you know, immense amounts of wealth that helium wants to put successful the Twitter deal,' recalled Musk, who secured billions successful extracurricular financing to enactment his $44 cardinal Twitter buyout.

'And I talked to him for astir fractional an hour. And I cognize my bulls**t metre was redlining. It was like, this dude is bulls**t – that was my impression,' helium added.

Bankman-Fried resigned arsenic the CEO of FTX connected Friday, arsenic the crypto speech filed for bankruptcy and reports emerged that up to $2 cardinal successful lawsuit funds had vanished from the company's books. 

Elon Musk has revealed helium rejected crypto mogul Sam Bankman-Fried's connection to assistance concern his Twitter takeover past spring, saying the FTX laminitis acceptable disconnected his 'bulls**t meter'

Musk besides shared a crude meme that depicted Bankman-Fried arsenic the prima of a pornographic movie titled 'Man F***s 5 Million People At Once'

Musk added: 'Then I was like, man, everyone including large concern banks – everyone was talking astir him similar he's walking connected h2o and has a zillion dollars.' 

'And that [was] not my impression…that dude is conscionable – there's thing wrong, and helium does not person capital, and helium volition not travel through. That was my prediction,' Musk added.

Tweeting precocious into the night, Musk besides shared a crude meme that depicted Bankman-Fried arsenic the prima of a pornographic movie titled 'Man F***s 5 Million People At Once.'

Musk's substance messages, which were antecedently revealed successful tribunal filings, backmost up his recollection.

They amusement that connected April 25, erstwhile Musk archetypal revealed his statement to bargain Twitter, his idiosyncratic banker Michael Grimes shared Bankman-Fried's connection to money the venture.

Musk appears skeptical successful the substance messages, dismissing Bankman-Fried's plans to usage blockchain exertion for Twitter and questioning whether helium had the funds to backmost up his financing offer.  

Meanwhile, collapsed crypto speech FTX said connected Saturday it had seen 'unauthorized transactions', with analysts saying millions of dollars worthy of assets had been withdrawn from the platform.

FTX laminitis and CEO Sam Bankman-Fried allegedly shuffled $10billion successful funds to his trading steadfast Alameda Research, with astir $2billion present going missing

Bankman-Fried denied making the concealed transfers to his crypto trading firm, which is tally by his girlfriend, Caroline Ellison (above) 

Blockchain analytics steadfast Elliptic said that astir $473 cardinal worthy of cryptoassets were 'moved retired of FTX wallets successful suspicious circumstances aboriginal this morning,' but that it could not corroborate that the tokens had been stolen.

FTX U.S. wide counsel Ryne Miller said successful a tweet soon aft 0700 GMT connected Saturday that the steadfast had 'expedited' the process of moving each integer assets to acold retention 'to mitigate harm upon observing unauthorized transactions.'

Cold retention refers to crypto wallets that are not connected to the net to defender against hackers.

Earlier connected Saturday, Miller said successful a tweet that helium was 'investigating abnormalities with wallet movements related to consolidation of FTX balances crossed exchanges.'

What is Semafor? 

Semafor is simply a caller planetary quality platform, founded by  Justin Smith and Ben Smith.

The level launched connected October 28, 2022. 

Articles connected the tract person been described arsenic a 'Semaform' - wherever the stories are breached up into abstracted sections that see the news, the reporter's presumption connected the news, and the counter-argument to that view. 

Semafor volition besides diagnostic newsletters from journalists. 

The level said it has truthful acold raised $25 cardinal from investors, which is acceptable to instrumentality the institution into aboriginal 2024.  

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