Elon Musk tweeted Sam Bankman-Fried and FTX. He shared his own thoughts on why the regulators didn’t go after Sam Bankman-Fried. Here are the details…
Elon Musk starts tweeting about FTX
As we reported as Kriptokoin.com, FTX went bankrupt after a big liquidity squeeze. What caused the liquidity crunch was that many investors tried to withdraw large sums from the stock market. These massive withdrawals were triggered by FTX’s depositing of user funds in different places. People wanted to withdraw their holdings from FTX and escape the stock market.
SBF was a major Dem donor, so no investigation
— Elon Musk (@elonmusk) November 13, 2022
Elon Musk, who generally does not remain silent about what is happening in the cryptocurrency space, this time avoided commenting on FTX for a few days. Until Saturday. Musk announced that he was following FTX events closely on Twitter. Then, he participated in a Twitter Space broadcast and made statements about Sam Bankman-Fried that he hadn’t been able to catch.
Big claim for SEC Chairman and FTX
Now, he started to share more on the subject. According to Musk, Sam Bankman-Fried was a person who made large donations to Democrats. For this reason, Musk claimed that the SBF has not been investigated at this time. Then, he released an image describing the relationship between Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), and SBF. In the image, attention is drawn to both Gensler being a professor at MIT before becoming SEC Chair, and SBF’s being an MIT graduate.
— Elon Musk (@elonmusk) November 13, 2022
In addition, Caroline Ellison and Glenn Ellison, CEOs of Alameda Research, FTX’s sister company, were also featured in the image. Caroline’s father, Glenn Ellison, who was once an economics professor at MIT, was Gensler’s former boss. Apart from that, Musk dropped an emoji on a tweet claiming that Sam Bankman-Fried’s mother, Barbara Fried, had ties to the Democratic party.
🤔
— Elon Musk (@elonmusk) November 13, 2022
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