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

A livid Elon Mask has rubbished a journalist’s claims that the scandal-hit ‘crypto king’ Sam Bankman-Fried owns shares in Twitter.

The Tesla founder was accused by the disgraced former New York Times reporter Ben Smith of calling on the FTX wunderkind to assist fund his mammoth Twitter deal.

Online information outlet Semafor alleged that Musk texted Bankman-Fried on May 5 and ‘invited’ him to maintain his $100million stake in the social media company when it’s transferred to personal possession.

Semafor is a startup arrange final month by Smith, who printed the now debunked Steele Dossier when he was editor-in-chief at Buzzfeed News.

Responding to the allegations in a story by Liz Hoffman, Musk hit out at Smith whose startup acquired a large money injection from Bankman-Fried.

He mentioned: ‘All public holders of Twitter have been allowed to roll their stock into Twitter as a non-public company, however he didn’t achieve this. 

‘Your reporting made it falsely sound like he did, when in reality he owns 0%. For the final time, how a lot of you does SBF personal? Stop dodging the question. 

‘To be direct, the very actual concern right here is that you’ve got been pushing a fully false SBF possession of Twitter narrative whereas successfully being his paid shill.’ 

In one other tweet, Musk mentioned their claims have been ‘flat mistaken’ and there’s no ‘grey space’ on whether or not Bankman-Fried owns a a part of his company. 

Self-proclaimed ‘Chief Twit’ Elon Musk slammed an ex-New York Times media reporter who accused him of permitting failed FTX chairman Sam Bankman-Fried to speculate in Twitter, whereas SBF had invested in the media enterprise himself

Semafor editor and former media writer for the New York Times Ben Smith accused Musk of involving Bankman-Fried in the deal

Semafor editor and former media author for the New York Times Ben Smith accused Musk of involving Bankman-Fried in the deal

Musk has repeatedly distanced himself and mocked Bankman-Fried since FTX filed for bankruptcy on November 11, the same day that SBF stepped down as CEO

Musk has repeatedly distanced himself and mocked Bankman-Fried since FTX filed for chapter on November 11, the identical day that SBF stepped down as CEO

Billionaire Musk repeatedly distanced himself and mocked Bankman-Fried since FTX filed for chapter on November 11.

But Semafor claimed to have seen leaked texts between Musk and Bankman-Fried from May, in which the crypto boss says he ‘would like to roll over’ his $100million stake in Twitter.

Musk initially replied: ‘Sorry, who’s sending this message.’

He then provides: ‘You’re welcome to roll.’

Bankman-Fried was amongst Semafor’s first traders in the positioning’s preliminary $25million spherical of fundraising – which is about to final it till early 2024.  

The Twitter CEO additionally made clear that Bankman-Fried ‘doesn’t personal shares in Twitter as a non-public company’ and ‘neither I nor Twitter have taken any funding from SBF/FTX.’

Smith – who additionally was Editor-in-Chief at Buzzfeed and made the ultimate determination to publish the roundly discredited Steele file which broken the positioning’s credibility – has but to reply to Musk. 

When reporting for the Times, he additionally steered that the since confirmed Hunter Biden laptop computer story was a Trump marketing campaign try to promote a story to the press. 

Smith has defended at size the web site’s editorial option to publish the Steele file.

In an op-ed for the paper,  Smith wrote: ‘News organizations ought to as an alternative contemplate this actuality: Our viewers inhabits a complicated, polluted data surroundings; our position is to assist them navigate it – to not faux it would not exist.’ 

Smith broke away from the newspaper earlier this year, and is now spearheading Semafor, which launched on October 18.

Other early funders of Semafor  embody David Bradley, proprietor of The Atlantic journal and Jessica Lessin, founding father of technology web site Information. 

At launch, Semafor mentioned that 75 p.c of its income will come from promoting and 25 p.c from occasion sponsorships. 

Despite presently being a free platform, the company ultimately plans to cost for subscriptions. 

Semafor is about to deal with the problem that the general public has with trusting the press. By sectioning details and evaluation in their writing, the platform hopes to tell apart onerous truths from opinion is a easy-to-read approach. 

Alongside Smith and Smith, Semafor has employed a slew of prime US media editors and reporters – together with Reuters’ Gina Chua as Executive Editor and Wall Street veteran Hoffman.

Musk revealed he rejected crypto mogul Sam Bankman-Fried’s supply to assist finance his Twitter takeover final spring, saying the now-disgraced FTX founder set off his ‘bulls**t meter’.   

‘To be sincere, I’d by no means heard of him,’ Musk mentioned of the embattled crypto mogul, whereas talking in a Twitter Spaces audio chatroom early on Saturday, in keeping with CoinDesk

‘But then I acquired a ton of individuals telling me [that] he’s acquired, you recognize, large quantities of money that he desires to speculate in the Twitter deal,’ recalled Musk, who secured billions in outdoors financing to help his $44 billion Twitter buyout.

‘And I talked to him for about half an hour. And I do know my bulls**t meter was redlining. It was like, this dude is bulls**t – that was my impression,’ he added.

Bankman-Fried resigned because the CEO of FTX on Friday, because the crypto change filed for chapter and studies emerged that as much as $2 billion in consumer funds had vanished from the company’s books. 

Elon Musk has revealed he rejected crypto mogul Sam Bankman-Fried's offer to help finance his Twitter takeover last spring, saying the FTX founder set off his 'bulls**t meter'

Elon Musk has revealed he rejected crypto mogul Sam Bankman-Fried’s supply to assist finance his Twitter takeover final spring, saying the FTX founder set off his ‘bulls**t meter’

Elon Musk also shared a crude meme that depicted Bankman-Fried as the star of a pornographic film titled 'Man F***s 5 Million People At Once'

Musk additionally shared a crude meme that depicted Bankman-Fried because the star of a pornographic movie titled ‘Man F***s 5 Million People At Once’

Musk added: ‘Then I used to be like, man, everybody together with main funding banks – everybody was speaking about him like he’s strolling on water and has a zillion {dollars}.’ 

‘And that [was] not my impression…that dude is simply – there’s one thing mistaken, and he doesn’t have capital, and he is not going to come via. That was my prediction,’ Musk added.

Tweeting late into the night time, Musk additionally shared a crude meme that depicted Bankman-Fried because the star of a pornographic movie titled ‘Man F***s 5 Million People At Once.’

Musk’s textual content messages, which have been beforehand revealed in court docket filings, again up his recollection.

They present that on April 25, when Musk first revealed his settlement to purchase Twitter, his personal banker Michael Grimes shared Bankman-Fried’s supply to fund the enterprise.

Musk seems skeptical in the textual content messages, dismissing Bankman-Fried’s plans to make use of blockchain technology for Twitter and questioning whether or not he had the funds to again up his financing supply.  

Meanwhile, collapsed crypto change FTX mentioned on Saturday it had seen ‘unauthorized transactions’, with analysts saying tens of millions of {dollars} value of belongings had been withdrawn from the platform.

FTX founder and CEO Sam Bankman-Fried allegedly shuffled $10billion in funds to his trading firm Alameda Research, with about $2billion now going missing

FTX founder and CEO Sam Bankman-Fried allegedly shuffled $10billion in funds to his buying and selling agency Alameda Research, with about $2billion now going lacking

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

Bankman-Fried denied making the key transfers to his crypto buying and selling agency, which is run by his girlfriend, Caroline Ellison (above) 

Blockchain analytics agency Elliptic mentioned that round $473 million value of cryptoassets have been ‘moved out of FTX wallets in suspicious circumstances early this morning,’ however that it couldn’t verify that the tokens had been stolen.

FTX U.S. common counsel Ryne Miller mentioned in a tweet shortly after 0700 GMT on Saturday that the agency had ‘expedited’ the method of transferring all digital belongings to chilly storage ‘to mitigate harm upon observing unauthorized transactions.’

Cold storage refers to crypto wallets that aren’t related to the web to protect in opposition to hackers.

Earlier on Saturday, Miller mentioned in a tweet that he was ‘investigating abnormalities with pockets actions associated to consolidation of FTX balances throughout exchanges.’

What is Semafor? 

Semafor is a new world information platform, based by  Justin Smith and Ben Smith.

The platform launched on October 28, 2022. 

Articles on the positioning have been described as a ‘Semaform’ – the place the tales are damaged up into separate sections that embody the information, the reporter’s view on the information, and the counter-argument to that view. 

Semafor can even function newsletters from journalists. 

The platform mentioned it has up to now raised $25 million from traders, which is about to take the company into early 2024.  

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