Cryptocurrency Exchange Reaction from Elon Musk on Twitter: Revolted!

Making a statement on his official Twitter account, Elon Musk said, cryptocurrency The stock market rebelled against the US senators’ request for an investigation into Twitter, despite the loss of billions of dollars in customer funds from FTX.

The crypto community supported Musk, who expressed the situation with his humorous post on Twitter.

Democrat Senators Demanded Elon Musk and Twitter Investigated

Some senators have argued that the Federal Trade Commission should investigate Twitter.

Senate Democrats on Thursday urged the Federal Trade Commission (FTC) to investigate Twitter for possible consumer protection violations following changes to the platform in recent weeks under new CEO Elon Musk.

Elon Musk had this to say about the FTX founder:

“To be honest, I had never heard of his name. But then a lot of people told me that he had, you know, a large amount of money he wanted to invest in the Twitter deal. I talked to him for about half an hour. I knew my bullshit meter had set the alarm. I got the impression, ‘This guy is bullshit’.”

While it’s unclear exactly when the meeting between Bankman-Fried and Musk took place, it appears to have been in the early days of Musk’s plans to take over Twitter and long before FTX’s public collapse. Still, Musk said he felt “something wrong” during the interview.

The Financial Times on Saturday reported that a day before FTX announced it would file for bankruptcy, the company had just $900 million in salable assets versus $9 billion in liabilities.

These comments came alongside other crypto and tech leaders talking about their recent interactions with Bankman-Fried; Brian Armstrong, CEO of Coinbase, told CNBC that the FTX founder reached out to raise emergency funds for the struggling company.

*Not investment advice.

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