Sam Bankman-Fried Set to Cash in up to $100 Million from Musk's Twitter Purchase

Oct 31,2022
KingData News: Sam Bankman-Fried, the founder and CEO of crypto exchange FTX, may cash in up to $100 million from Elon Musk's purchase of Twitter. The exchange executive owned about $50 million to $100 million worth of stock in the social media giant before the acquisition completed on Thursday, a source with direct knowledge of the matter told The Block. Musk paid $44 billion to take Twitter private, which would put Bankman-Fried's stake at around 0.1% to 0.2%. Bankman-Fried had planned to be part of the Musk-Twitter deal but ended up not investing, the source said. Axios reported earlier this month that the FTX boss told Musk he was no longer interested after a phone call between the two.
This index provides an up-to-date account of Twitter acquisition proposed by Elon Musk.