Elon Musk and MicroStrategy’s Saylor slam WSJ for ‘giving foot massages’ to SBF – Finbold – Finance in Bold
The cryptocurrency world continues to react to the FTX cryptocurrency commerce collapse as questions emerge relating to the position of former CEO Sam Bankman-Fried Inside the disaster.
Certainly, Tesla (NASDAQ: TSLA) CEO Elon Musk has added to his earlier criticism of Bankman-Fried, this time questioning the media’s safety of the embattled founder.
That is after the Wall Road Journal ran A narrative titled ‘Sam Bankman-Fried’s Plans To save tons of the World Went Down in Flames‘ that was not acquired properly by the Twitter (NYSE: TWTR) CEO.
In a tweet on November 25, Musk blasted the outlet for what he termed as giving a ‘foot therapeutic massage to a felony.’
Saylor’s Deal with alleged SBF felony movements
On The identical, former MicroStrategy CEO Michael Saylor additionally reacted to the publication displaying To current context to Musk’s labeling of Sam Bankman-Fried as a felony.
Based mostly on Saylor, the earlier FTX CEO engineered a market crash by way of what he termed as counterfeiting’ billions in tokens by way of securities fraud’.
“Sam counterfeited billions in tokens by way of securities fraud, inflated that by billions extra by way of accounting fraud, seized billions from buyers by way of banking fraud, corrupted the institution with the soiled money, then panic purchased billions in stolen Bitcoin to crash the market,” Saylor said.
Saylor added that Bankman-Fried had no preliminary plan to save the world however to ‘steal the world.’
Notably, Finbold earlier reported that Musk hit out at Bankman-Fried’s character stating That in their first-ever intermovement, his `bullshit meter was redlining’.
Pressure on SBF
It is worth noting following FTX’s collapse; a quantity of entities have been calling for the prosecution of Bankman-Fried for allegedly misappropriating buyer funds. For event, Robert Kiyosaki, author of The private finance e-book “Rich Dad Poor Dad,” referred to as Bankman-Fried “the Bernie Madoff of crypto” pretty than Warren Buffett of the sector.
On The identical time, FTX, Bankman-Fried, and former commerce promoters have been sued in an $11 billion class movement. The lawsuit alleged that FTX took benefit of unsophisticated buyers to defraud them. In the meantime, FTX has since filed for chapter as buyers await a potential compensation plan.
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