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Sam Bankman-Fried Contributed Over $1 Billion To U.S. Elections, Elon Musk Claims

Elon Musk, the CEO of Twitter, asserts that the former CEO of FTX, Sam Bankman Fried, contributed more than $1 billion to the U.S. democratic elections. He however questions where the remaining funds went and why SBF is withholding the precise amount he contributed.

$40 Million Is Only For The Public Ear

Elon Musk declared on Twitter that he does not believe SBF contributed the $40 million that was reported; rather, he thinks he contributed more than $1 billion to this democratic election. Musk is also puzzled as to why SBF has kept quiet about the precise sum he donated and the location of the remaining funds.

According to his tweet, he believes the $40 million is a figure disclosed for public ears.

SBF and his team at the FTX became the largest contributor in the crypto space and one of the top three contributors globally to the U.S. Democratic elections.

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And this is a contribution from a firm that has been in the spotlight in the crypto industry for less than two years.

However, an organization involved in tracking funds confirmed the amount, stating that SBF personally sent $40 million to this upcoming election, the majority of which was allocated to the Democrats.

He was the Democrats’ second-largest donor, trailing only the first, George Soros.

SBF And Musk Link-Up

SBF was seen for the first time since the FTX crash on November 30th, when he attended a Dealbrook summit interview. He did, however, respond to the questions posed to him, claiming that he was unaware of how big Alameda’s position was, and that he made the mistake of not putting someone in charge of those affairs, which he blamed on poor management on his part.

Musk has denied every claim that SBF invested $100 million in Twitter during Musk’s takeover.

During the time of the rumor, reports revealed an earlier link up between SBF and Musk through a said person Will Macaskill in March. 

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Mackaskill had previously connected with SBF, where he coached him on effective altruism techniques.

SBF had posted at the time that he was excited to talk to Musk about Twitter or anything else they might or might not have in common.


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Jimmy Kelly

Jimmy is one of the news journalists for Tokenhell. He is a big crypto enthusiast and bought his first crypto token way back in 2015! Jimmy publishes updates about crypto tokens, events, price analysis and regulation among many other subjects.

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