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Sam Bankman-Fried Comments on Why FTX Passed on Twitter Investment

2 mins
Updated by Ryan James
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In Brief

  • SBF revealed that they passed on Twitter investment because his vision for Twitter didn’t match Elon’s vision.
  • According to court discovery submitted during Elon Musk and Twitter’s case, Elon Musk didn’t seem interested in letting SBF invest in the Twitter acquisition.
  • Binance has launched a Bluebird index consisting of BNB, DOGE, and MASK.
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Sam Bankman-Fried (SBF) revealed in an interview with Forbes that FTX passed on the opportunity to invest in Elon Musk’s acquisition of Twitter.

The founder and CEO of FTX, Sam Bankman-Fried, revealed in an interview with Forbes that they passed on the opportunity to invest in Twitter. Bankman-Fried said that it didn’t seem like their strengths were what was needed for Elon’s vision for Twitter.

He’s got a vision for what he wants to do with Twitter, and it’s not exactly the same as my vision for Twitter

Sam Bankman-Fried

Court documents state otherwise

In Elon Musk’s court battle with Twitter, a series of private texts were unveiled as a part of the discovery process. The text revealed that SBF and Elon Musk discussed the Twitter buyout. However, according to the text, Elon Musk didn’t seem interested in letting SBF invest in the Twitter takeover. He sent a thumbs-down text message.

SBF later clarified that the court documents were missing some text messages. The community asks SBF to post the remaining messages. Amidst this, the YouTuber Ben Armstrong again took a jab at SBF.

CZ Binance’s vision aligns with Elon Musk’s vision for Twitter.

SBF may have passed on Twitter investment due to a difference in vision. But CZ Binance is looking forward to developing Twitter into a platform of free speech.

We would want to make sure that the crypto has a seat at the table when it comes to free speech.

CZ Binance

Recently Binance launched a Bluebird Index that tracks the performance of BNB, DOGE, and MASK. As the bluebird resembles the Twitter logo, the community speculates that CZ is trying to give some hints. The renowned crypto analyst Miles Deutscher believes these assets may be used for Twitter payments.

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Harsh Notariya
Harsh started investing in crypto during the 2021 bull market. He took the opportunity of the market crash in May to learn more about Bitcoin and blockchain technology. Since...