Twitter CEO Elon Musk units the document straight on disgraced FTX founder Sam Bankman-Fried and his alleged possession of Twitter inventory.

In a sequence of tweets on Wednesday afternoon, Musk referred to as a report “faux information” that Bankman-Fried turned his $100 million from Twitter, when public, into personal inventory.

Musk discredited a report written by Semafor’s Liz Hoffman, alleging that Bankman-Fried “owns a good portion of a now personal and indebted Twitter.” Hoffman cited an “FTX stability sheet ready after the takeover closed on October 28 and distributed to traders earlier this month.”

Twitter’s headquarters are seen in San Francisco, California, United States, October 27, 2021. (Photograph Illustration by Tayfun Coskun/Anadolu Company through Getty Photographs/Getty Photographs)

“SBF/FTX doesn’t personal shares on Twitter,” Musk mentioned in a tweet, responding to the report.

HOW FTX BOOKED ITS PATH TO BECOME THE “MOST REGULATED” CRYPTO EXCHANGE

He added: “There was a time while you cared in regards to the fact. That is lengthy gone.”

In one other tweet, Musk referred to as the declare “utterly unfaithful” and mentioned there was “no grey space” on whether or not FTX or Bankman-Fried owned inventory in his firm.

Musk continued to debunk the claims as they circulated additional on Twitter.

A photo of Sam Bankman-Fried

Sam Bankman-Fried, co-founder and managing director of FTX, in Hong Kong, China on Tuesday, Might 11, 2021. (Photographer: Lam Yik/Bloomberg through Getty Photographs/Getty Photographs)

Semafor editor Ben Smith defended his outlet’s reporting and produced the alleged personal alternate between Musk and Bankman-Fried, the place Musk seems to be encouraging the FTX founder to roll his shares.

Musk responded by as soon as once more denying that the rollover ever occurred.

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“All public holders of Twitter had been allowed to switch their shares into Twitter as a personal firm, however it didn’t,” he wrote. “Your reporting gave the misunderstanding that he did, when in truth he owns 0%”

A “context added” flag was later added to Smith’s tweet.

The FTX Logo

The FTX brand on a pc display specified by Barcelona, ​​Spain, Tuesday, November 15, 2022. (Angel Garcia/Bloomberg through Getty Photographs/Getty Photographs)

Earlier at this time, Musk discredited an identical declare printed by Enterprise Insider.

“Sam Bankman-Fried reportedly owns $100 million stake in Elon Musk’s Twitter,” learn a headline within the newspaper.

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To which Musk replied: “[Business Insider] will not be an actual publication.”

FTX collapsed final week after Bankman-Fried rushed to lift emergency funds after FTX went below regulatory scrutiny. The corporate has failed to guard its prospects and traders, who collectively face billions of {dollars} in losses.

Supply : https://information.google.com/__i/rss/rd/articles/CBMidWh0dHBzOi8vd3d3LmZveGJ1c2luZXNzLmNvbS9lY29ub215L2Vsb24tbXVzay1zZXRzLXJlY29yZC1zdHJhaWdodC1mdHhzLXNhbS1iYW5rbWFuLWZyaWVkLXR3aXR0ZXItc2hhcmVzLXplcm8tcGVyY2VudNIBAA?oc=5

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