Canada markets closed
  • S&P/TSX

    20,628.92
    -129.42 (-0.62%)
     
  • S&P 500

    4,111.08
    -25.40 (-0.61%)
     
  • DOW

    33,891.02
    -34.99 (-0.10%)
     
  • CAD/USD

    0.7438
    -0.0030 (-0.40%)
     
  • CRUDE OIL

    74.42
    +0.31 (+0.42%)
     
  • BTC-CAD

    30,582.02
    -432.76 (-1.40%)
     
  • CMC Crypto 200

    527.84
    +2.70 (+0.51%)
     
  • GOLD FUTURES

    1,880.40
    +0.90 (+0.05%)
     
  • RUSSELL 2000

    1,957.72
    -27.82 (-1.40%)
     
  • 10-Yr Bond

    3.6340
    +0.1020 (+2.89%)
     
  • NASDAQ futures

    12,522.50
    +7.00 (+0.06%)
     
  • VOLATILITY

    19.43
    +1.10 (+6.00%)
     
  • FTSE

    7,836.71
    -65.09 (-0.82%)
     
  • NIKKEI 225

    27,693.65
    +184.19 (+0.67%)
     
  • CAD/EUR

    0.6931
    +0.0018 (+0.26%)
     

Elon Musk suggests Sam Bankman-Fried should go to prison, saying he needs an 'adult timeout in the big house'

Sam Bankman-Fried; Elon Musk
Sam Bankman-Fried and Elon Musk.Tom Williams/CQ-Roll Call Inc via Getty Images; Carina Johansen/Getty Images
  • Elon Musk has suggested FTX cofounder Sam Bankman-Fried should go to prison.

  • Musk said of the crypto boss: "Let's just give him an adult timeout in the big house & move on."

  • This isn't the first time Musk has taken a swipe at Bankman-Fried following FTX's collapse.

Elon Musk has suggested FTX cofounder Sam Bankman-Fried should go to prison.

In response to a user's tweet, saying Bankman-Fried didn't need mentioning beyond his court date, Musk said on Saturday: "Agreed. Let's just give him an adult timeout in the big house & move on."

The FTX cofounder is facing investigations after the dramatic collapse of his crypto empire last month. Bankman-Fried has been accused of mishandling customer funds after at least $1 billion reportedly disappeared from the exchange.

The US Justice Department is also pushing for an independent examiner to investigate fraud allegations against FTX, despite Bankman-Fried stating he "didn't ever try to commit fraud on anyone."

It isn't the first time Musk has taken a swipe at the disgraced crypto boss. Last month, the Tesla CEO took aim at Bankman-Fried's history of investing in media outlets, which was reported by the NYT.

As well as referencing Bankman-Fried's media links, Musk also said his "bullshit meter was redlining" during a meeting with the FTX cofounder to discuss a potential Twitter investment.

In a Twitter Space discussion last month, Musk said he felt there was "something wrong" when he met Bankman-Fried on an unknown date.

Representatives for FTX and Musk did not immediately respond to Insider's request for comment made outside normal working hours. Bankman-Fried could not be reached for comment.

Read the original article on Business Insider