DOGE Alan Elon Musk’s FTX Statement to ‘Make Sound’!

Elon Musk, who is known to many people in the crypto money field with his love for Dogecoin (DOGE), commented on the FTX crisis. In his thoughts shared via a tweet, Musk said that the events related to FTX were followed in real time on Twitter. He also received an invitation to a Twitter Space speech of a group of people talking about FTX events. Here are the details…

DOGE advocate Elon Musk tweeted about FTX

As we reported as Kriptokoin.com, FTX filed for bankruptcy yesterday. In addition, Sam Bankman-Fried, the CEO and founder of the exchange, announced his resignation. Elon Musk, regarding the crisis that came to light at the beginning of this week, did not make any comments. “The FTX crash/loot is being followed in real time on Twitter,” he said this morning.

Then, he popped up a meme about FTX founder Sam Bankman-Fried. In the image shared by Musk, Sam Bankman-Fried is on a site that offers +18 content. In Meme, it is implied that Bankman-Fried has victimized 5 million people.

In a response to this meme, Internet personality Kim Dotcom invited Musk to a chat. In the chat, celebrities in the cryptocurrency space were commenting on FTX events and hacking allegations. But Elon Musk turned down the invitation. “I’m not sure I have much to add,” he said. He may have wanted to indicate that the event does not need any commentary or that he prefers to distance himself from the subject.

FTX goes bankrupt, hack rumors surface

Meanwhile, on Saturday, November 12, 2022, it was revealed that hundreds of billions of dollars in cryptocurrencies may have been illegitimately taken from FTX’s wallets. According to a notification on FTX’s official Telegram channel, the crypto exchange appears to have been hacked. Toward morning, people began to notice “hundreds of millions of dollars” leaving their FTX wallets. But they couldn’t tell if it was done by hackers or liquidators.

Elon Musk and Dogecoin: What are the plans?

Although he does not make many comments about FTX, Musk stands out especially with his DOGE comments. The billionaire’s affiliation with Dogecoin last came to the fore on Wednesday. At a Twitter Spaces meeting on Wednesday, Elon Musk revealed his plans for Twitter. Musk discussed Twitter’s vision for processing payments. He said he submitted the registration paperwork to FinCEN last week to revise the way he gets paid.

Billionaire has always supported Dogecoin. He told Time Magazine in December 2021 that he did not believe Bitcoin was a good substitute for the transactional currency. He stated that although it was created as a joke, DOGE is more suitable for transactions. Immediately after the Twitter acquisition, the meme coin’s price skyrocketed with rumors that it was integrated into the platform. However, Musk hasn’t talked about DOGE since the acquisition. It remains unclear what Twitter plans to do with the cryptocurrency.