The former CEO of the now-defunct FTX cryptocurrency exchange, Sam Bankman-Fried, who is currently in California under house arrest, has met with The Big Short author Michael Lewis. According to The New York Post, the sudden visit by Lewis on Tuesday has sparked rumors that the renowned novelist may be planning to publish a book about Sam Bankman-Fried and the failure of his cryptocurrency company FTX.
Lewis is the author of a number of books, including “The Big Short,” a best-seller that describes how the housing bubble contributed to the financial catastrophe of the late 2000s, and “Moneyball,” which described how Oakland A’s general manager Billy Beane used analytics to create a squad.
According to The Ankler report, Lewis and Bankman-Fried are thought to have been in touch for roughly six months, long before any financial irregularities were found. This wasn’t made public, though, until FTX fell apart. Lewis reportedly traveled to the 30-year-old CEO during the six months before the SBF was arrested on federal charges and spoke with him in-depth.
The author hasn’t written anything yet, but his agency indicated in an email that the plot has advanced to the point that they can’t wait any longer. Bankman-Fried may stand to gain financially if Lewis’ upcoming book is turned into a movie like The Big Short, although it is uncertain at this time.
On November 11, FTX, formerly the third-largest cryptocurrency exchange in the world, declared bankruptcy. Later, it came to light that the exchange was struggling with a $9.4 billion hole caused by money mismanagement.
Following the formal filing of criminal charges against Bankman-Fried by US prosecutors, he was taken into custody in The Bahamas earlier this month. The crypto entrepreneur was eventually extradited to the US after a tumultuous week to face a slew of accusations.
Source: https://coinpedia.org/news/sam-bankman-fried-meets-the-big-short-author-michael-lewis/