Cryptocurrency trading exchange FTX has gone bankrupt and Rahul Ligma of Twitter fame is now pretending he has lost his job at FTX. Rahul Ligma became famous on Twitter after he tricked CNBC reporters into believing that Twitter had fired him after Elon Musk acquired the platform. FTX was founded by Sam Bankman Fried, a Physics graduate from MIT.
He became a billionaire within five years, though it’s unclear if any of that wealth was real and tangible. His net worth has fallen from $16 billion on paper to £3. Sam Bankman Fried made a name for himself by associating himself closely with the Effective Altruism (EA) community. EA focuses on donating money effectively, in other words, if someone wants to donate $100, where should they donate the $100 to ensure it has the maximum positive impact? Last year, Sam gave an interview to Sam Harris, the famous philosopher. The topic of the interview was mainly EA, but when Sam Harris asked Sam Bankman Fried to explain how he got into crypto, he gave a rather complicated answer.
Elon Musk talks about the founder of FTX
Accurate. He turned on my bs detector so I didn’t think he had $3 billion.
— Elon Musk (@elonmusk) November 12, 2022
On October 12, Elon Musk revealed that Sam Bankman Fried offered him $3 billion to help him with the Twitter acquisition. Musk said that Sam Bankman Fried activated the “BS detector” on him. Musk stated that he talked to Bankman for 30 minutes and after talking to him for 30 minutes, his “BS meter was in the red.” Musk participated in a Twitter space and openly expressed his views on the founder of FTX. “I had never heard of it, to be honest,” Musk said, continuing, “But then I got a bunch of people telling me that he had, you know, huge amounts of money that he wanted to put into the Twitter deal. . And I talked to him for about half an hour. And I know my fucking meter was in the red. It was like, this guy sucks, that was my impression,” Musk said. (was) my impression, that guy is just: there is something wrong. And he has no capital, and he will not make it. That was my prediction,” he added.