Elon Musk Says Sam Bankman-Fried Probably Gave Over $1B To Democrats: 'The Money Went Somewhere'

Twitter CEO Elon Musk said FTX founder Sam Bankman-Fried’s donations in support of Democrats’ election endeavors could be over $1 billion.

What Happened: Musk made his comments while responding to a tweet from Will Manidis, the CEO of ScienceIO, a healthcare  AI platform. 

Manidis said Bankman-Fried donating $40 million “to not go to jail for stealing $10b+ is one of the highest ROI trades of all time.”

That’s just the publicly disclosed number. His actual support of Dem elections is probably over $1B. The money went somewhere, so where did it go?

— Elon Musk (@elonmusk) December 3, 2022

The Tesla and SpaceX CEO responded by saying, “That’s just the publicly disclosed number. His actual support of Dem elections is probably over $1B.”

Musk asked, “The money went somewhere, so where did it go?”

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Why It Matters: Earlier, Musk insinuated that Bankman-Fried should go to prison. He said that the FTX FTT/USD and Alameda Research founder should have “an adult timeout in the big house” 

Calls for the prosecution of Bankman-Fried have been coming from other quarters as well. Galaxy Digital CEO Mike Novogratz called for the cryptocurrency entrepreneur to be prosecuted for perpetuating a large fraud.

Dallas Mavericks owner Mark Cuban said recently that he’d be worried about going to jail if he were Bankman-Fried.

Bankman-Fried refused to confirm in a recent interview whether he knew customer funds were stolen and said he was surprised by the collapse of FTX.

FTX's bankruptcy led to a collapse in prices of Bitcoin BTC/USD and Ethereum ETH/USD and other coins in a moment compared with the 2008 Lehman Brothers Crisis.

Read Next: Sam Bankman-Fried To Testify Before U.S. House Committee After 'Learning and Reviewing' FTX Crash

Photo courtesy: Thomas Hawk on Flickr