- Earlier, SBF’s donations to the Democratic Party was reported to be around $40 million
- Musk previously ridiculed WSJ’s soft article on SBF, clarified Twitter has no SBF investments
Tesla CEO and Twitter owner Elon Musk claimed that former FTX CEO may have donated over $1 billion to Democrats and wondered where this money went after all. Musk’s claim came in reply to a Twitter user who said SBF donated $40 million to evade arrest for stealing over $10 billion.
SBF’s Political Donations over $1 Billion
“SBF donating $40m to not go to jail for stealing $10b+ is one of the highest ROI trades of all time,” a Twitter user, Will Manidis, said in his tweet on December 1.
This was about SBF’s widely publicized political donations that his competitors believed were part of his lobbying for favorable legislation, particularly one that doesn’t encourage Defi. The former FTX CEO claimed that he had made donations of an equivalent sum to the Republicans as well but through “dark” channels.
In reply to Manidis’s tweet, Musk offered his estimates that many thoughts are bizarre at any rate. He even asked if it is worth finding out where the money finally went.
“That’s just the publicly disclosed number. His actual support of Dem elections is probably over $1B. The money went somewhere, so where did it go?, Musk twitted on December 3.
Musk’s Foot Massage Barbs at SBF
Musk has been taking pot shots at SBF ever since FTX landed in trouble early last month. Castigating a report by the Wall Street Journal (WSJ) on November 16 that talked about SBF’s philanthropic ambitions. Musk tweeted, “WSJ giving foot massages to a criminal.”
Amid the chaos of FTX’s sinking and frantic fund trail, reports appeared that Alameda had invested $100 million in Musk’s Twitter. But Musk vehemently denied it.
“As I said, neither I nor Twitter have taken any investment from SBF/FTX. Your article is a lie. Now, I’m asking again, how much of you does SBF own?, Musk tweeted in reply to a claim by Semafor that FTX owns a stake in Twitter. Semafor is a news platform in which SBF has a stake.
“No. He may have owned shares in Twitter as a public company, but he certainly does not own shares in Twitter as a private company,” he added.