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‘Foot therapeutic massage to a prison’: Elon Musk leads assaults on WSJ for Sam Bankman Fried article | NEWSRUX

Elon Musk has lashed out at The Wall Road Journal (WSJ) after the outlet printed a narrative on Sam Bankman-Fried, the previous chief government of FTX who’s on the coronary heart of a crypto scandal price billions of {dollars}.

Responding to a tweet by The Wall Road Journal Markets sharing the story on Mr Bankman-Fried, the Tesla CEO wrote: “WSJ giving foot massages to a prison.”

Mr Bankman-Fried, who headed FTX, a crypto buying and selling platform, declared his firm bankrupt and stepped away as CEO lately after considerations have been raised within the crypto market in regards to the safety of its platform and its funds.

The WSJ article titled “Sam Bankman-Fried Mentioned He Would Give Away Billions. Damaged Guarantees Are All That’s Left” particulars how Mr Bankman-Fried pledged to donate billions. It says his agency’s swift collapse worn out his wealth and bold philanthropic endeavors.

FTX is now reportedly underneath investigation by authorities within the US and the Bahamas after as much as $2bn in shopper funds vanished.

Earlier this month, Mr Musk had stated on Twitter that he had rebuffed a proposal from Mr Bankman-Fried to spend money on his acquisition of Twitter.

In line with leaked textual content messages between Mr Musk and his banker Michael Grimes printed by The Inside Tech Emails Twitter account Mr Bankman-Fried provided “at the very least $3bn” to assist fund the deal.

Mr Musk tweeted: “Correct. He set off my bs detector, which is why I didn’t suppose he had $3B.”

The article by the WSJ additionally triggered criticism from different commentators on Twitter, who accused the outlet for making an attempt to manage the narrative on Mr Bankman-Fried.

A latest report from crypto information website Coindesk stated that the 2 components of Mr Bankman-Fried’s crypto empire, Alameda and FTX, had change into “unusually shut”.

The connection between his two companies is being probed by the Division of Justice and the Securities and Change Fee for any attainable wrongdoing, reported the Related Press.

Final week, White Home press secretary Karine Jean-Pierre stated that the administration was carefully monitoring developments.

“The administration has constantly maintained that, with out correct oversight of cryptocurrencies, they danger harming on a regular basis People.”

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