Former FTX CEO Sam Bankman-Fried (SBF) thought of paying Donald Trump $5 billion to dissuade him from operating for president, in keeping with Michael Lewis, an creator writing a e book on the disgraced founder.
“There was a quantity that was kicking round. And the quantity that was kicking round after I was speaking to Sam about this was $5 billion.”
In line with Lewis, SBF thought of the cost as a result of he thought Trump posed an existential danger to U.S. democracy and was solely held again by the following collapse of his agency and ideas of whether or not such funds had been authorized.
Lewis revealed this in a 60-minute interview with CBS that aired on Oct. 1.
Describes SBF as a gambler
Past that, Lewis stated SBF is a gambler who struck a goldmine by creating his cryptocurrency change.
In line with Lewis, SBF realized that “all of the crypto exchanges are screwed up in a method or one other. There are dozens of those locations the place you possibly can commerce crypto, however they’re– they’re not structured for knowledgeable dealer. The expertise is unhealthy. They’ll lose their clients’ cash. It’s the wild west.”
“He began as a gambler and he realized that, you already know, constructing the higher on line casino was really gonna be extra precious.”
Going Infinite: The rise and fall of a New Tycoon
The e book, “Going Infinite: The Rise and Fall of a New Tycoon,” will probably be launched on Tuesday, Oct. 3. The e book’s launch comes on a day when the embattled CEO’s trial is scheduled to start with a Jury choice.
Talking in regards to the e book, Lewis described it as a “sort of letter to the jury.” In line with him, his story is best than the opposite tales from the counsels of the prosecutors and the defendant.
In the meantime, CBS describes Michael Lewis as a author who focuses on jump-off-the-page characters and makes use of them to inform sophisticated tales. Whereas getting ready the e book, Lewis gained limitless entry to SBF along with his quite a few visits to the Bahamas.
The costs towards SBF might trigger him a number of years in jail if discovered responsible. Nonetheless, how the e book’s content material could have an effect on the court docket trial scheduled to start this week stays unknown.
The submit Former FTX CEO Bankman-Fried thought of $5B supply to stop Donald Trump presidential run appeared first on CryptoSlate.
