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Musk once rejected SBF's offer to invest in the Twitter acquisition and questioned the liquidity of his funds

2022-11-12 10:19:34

According to ChainCatcher, in a document disclosed by TechEmails in April this year, Michael Grimes, the head of Morgan Stanley's global technology investment banking, represented SBF in proposing a partnership to Musk.

In their conversation, Michael Grimes stated that SBF was willing to invest $5 billion to participate in the acquisition of Twitter and was ready to provide technical support for integrating blockchain into Twitter.

However, Musk was skeptical and questioned, "Does Sam really have $3 billion in liquid funds?" Additionally, Musk stated that a blockchain version of Twitter is impractical, as bandwidth and latency issues cannot be resolved in a peer-to-peer network unless a node is "massive," which contradicts the vision of a decentralized network. (Source link)

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