The previous CEO of the now-defunct FTX cryptocurrency alternate, Sam Bankman-Fried, who’s at present in California beneath home arrest, has met with The Huge Quick writer Michael Lewis. In response to The New York Put up, the sudden go to by Lewis on Tuesday has sparked rumors that the famend novelist could also be planning to publish a ebook about Sam Bankman-Fried and the failure of his cryptocurrency firm FTX.
Lewis is the writer of a variety of books, together with “The Huge Quick,” a best-seller that describes how the housing bubble contributed to the monetary disaster of the late 2000s, and “Moneyball,” which described how Oakland A’s common supervisor Billy Beane used analytics to create a squad.
In response to The Ankler report, Lewis and Bankman-Fried are thought to have been in contact for roughly six months, lengthy earlier than any monetary irregularities have been discovered. This wasn’t made public, although, till FTX fell aside. Lewis reportedly traveled to the 30-year-old CEO throughout the six months earlier than the SBF was arrested on federal costs and spoke with him in-depth.
The writer hasn’t written something but, however his company indicated in an e mail that the plot has superior to the purpose that they will’t wait any longer. Bankman-Fried could stand to achieve financially if Lewis’ upcoming ebook is became a film like The Huge Quick, though it’s unsure presently.
On November 11, FTX, previously the third-largest cryptocurrency alternate on this planet, declared chapter. Later, it got here to gentle that the alternate was fighting a $9.4 billion gap brought on by cash mismanagement.
Following the formal submitting of prison costs towards Bankman-Fried by US prosecutors, he was taken into custody in The Bahamas earlier this month. The crypto entrepreneur was finally extradited to the US after a tumultuous week to face a slew of accusations.