Binance Contributed Elon Musk's Twitter Purchase

It turned out that SpaceX and Tesla CEO Elon Musk bought the social media application Twitter, while receiving funding from the cryptocurrency exchange Binance.

It was learned that Binance contributed to Elon Musk's Twitter purchase. In the report submitted by Elon Musk to the US Securities and Exchange Commission (SEC), there was information that funds were obtained from Binance for the acquisition of Twitter. It was known that Elon Musk sold $ 8.6 billion of Tesla shares in order to pay the $ 44 billion purchase price and would add from his own assets. In addition, approximately 30 billion dollars was expected to be obtained from various banks and financial institutions. With the report presented by Musk to the SEC, it was revealed that Binance provided $ 500 million in financing. Making a statement on the subject, Binance CEO Changpeng Zhao said that the fund commitment is a small contribution. On the other hand, some sources suggested that Musk's cryptocurrency manipulations were the reason behind Binance's funding. It was claimed that Musk especially profited from DOGE sales.