Crypto billionaire Sam Bankman-Fried backed off helping Elon Musk acquire Twitter, after a phone call with the Tesla and SpaceX founder, Axios has learned.
In late March, Musk received texts from William MacAskill, an adviser to Bankman-Fried's philanthropic fund, encouraging Musk to meet with the FTX CEO. Soon, there were similar messages from Morgan Stanley tech banker Michael Grimes.
Grimes told Musk that Bankman-Fried had put $5 billion in writing, but verbally suggested an investment up to $10 billion. It's unclear if Musk was truly confused, or if he was trying to shade Bankman-Fried for bailing on the investment.Bankman-Fried holds a small stake in Twitter, a source with knowledge of the matter tells Lucinda.
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