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Elon Musk Says Sam Bankman-Fried Owns Zero Percent Of Twitter After Allegations That He Had A $100 Million Stake

The new CEO of Twitter, Elon Musk has come up to save Twitter’s reputation after Sam Bankman-Fried claimed that he has shares in the company. SBF has become a notorious topic after his crypto platform collapsed because of his poor choices of decisions.

In a series of tweets Wednesday afternoon, Musk called out a news report that claimed that Bankman-Fried rolled his $100 million holdings of Twitter, when it was public, into private shares.

Musk discredited a report, written by Semafor’s Liz Hoffman, alleging Bankman-Fried “owns a sizable chunk of a now privately held and debt-laden Twitter.” Hoffman cited an “FTX balance sheet prepared after the takeover closed on Oct. 28 and circulated to investors earlier this month.”

In a separate tweet, Musk referred to the claim as “flat wrong” and said there was “no grey area” in whether FTX or Bankman-Fried owned any shares in his company.

Semafor’s Editor-in-chief Ben Smith defended his outlet’s reporting and produced the alleged private exchange between Musk and Bankman-Fried, where Musk seems to encourage the FTX founder to roll his shares.

Musk stated that such an exchange had never happened. 

“All public holders of Twitter were allowed to roll their stock into Twitter as a private company, but he did not do so,” he wrote. “Your reporting made it falsely sound like he did, when in fact he owns 0%”

An “added context” flag was subsequently added to Smith’s tweet.

Earlier in the day, Musk discredited a similar claim published by Business Insider.

“Sam Bankman-Fried reportedly owns a $100 million stake in Elon Musk’s Twitter,” a news headline from the outlet read.