Sam Bankman-Fried may receive up to $100 million from Elon Musk’s purchase of Twitter, The Block reported.
(Bloomberg) — Sam Bankman-Fried may receive up to $100 million from Elon Musk’s purchase of Twitter, The Block reported.
The chief executive officer of crypto exchange FTX owned about $50 million to $100 million worth of Twitter stock before the acquisition closed last week, The Block reported, citing a person with direct knowledge of the matter.
FTX declined to comment to The Block, while Twitter did not respond to a request for comment.
Musk paid $44 billion in the take-private deal, which would put Bankman-Fried’s stake in Twitter at around 0.1% to 0.2%, The Block reported.
More stories like this are available on bloomberg.com
©2022 Bloomberg L.P.
