“Moneyball” Author to Write a Book on the Fall of FTX and its Head

Parth DubeyVerificeret forfatter

December 28, 2022 at 13:23 UTC (1 minut siden)

  • Author of “Moneyball” and “The Big Short” will work on a book on FTX and its founder, Sam Bankman-Fried.
  • Lewis was in a very long conversation with Bankman-Fried who has been placed on house arrest by the court.
  • In August, the author stated that he was working on a new book that will focus on cryptocurrencies.
  • Lewis has reportedly been working with SBF prior to the collapse of FTX and even pitched the story t movie rights buyers.

The collapse of one of the biggest crypto exchanges around the globe, FTX, and the arrest of its founder and former CEO, Sam Bankman-Fried, also called SBF in the crypto space, would make a cinematic masterpiece. Inspired by this vision, the author of some of the most successful books like “Moneyball,” “The Big Short,” and “The Blind Side,” Michael Lewis, has captured the opportunity to write a book on the implosion of the exchange.

According to a report from the NYPost, Lewis was in a very long conversation with Bankman-Fried, who has been placed on house arrest by the court and is currently living in his parents’ house. After causing a multi-billion dollar collapse, the former FTX executive is living a perfectly good life, and to add to his heritage, the crypto entrepreneur deemed a “scammer” by many, will have a book dedicated to his work.

SBF was apprehended in the Bahamas by the Royal Police at the request of the US government, which charged him with wire fraud and money laundering. He spent a few days in the Fox Hill Prison, Nassau, which is considered one of the most brutal ones around the globe. However, as earlier reported by Bitnation, the FTX founder was given special treatment in the jail, and he also had access to a television and newspaper where he would read articles about himself.

It is crucial to note that after his extradition to the US, SBF was granted a $250 million bail bond by a US judge, which was unexpected by the members of the crypto space. Many people on Twitter commented that this was the result of the extreme wealth that the former FTX executive had amassed during his time at the exchange.

SBF was sentenced to house arrest at his parents’ house, where he was visited by the bestselling author Michael Lewis. As per the NYPost, Lewis spent hours with SBF and talked about multiple things, but none of them have been made public. However, the two could possibly have had a chat about how the once 30-year old billionaire is now facing fraud charges and might very well face 115 years in prison.

While the founder of FTX is currently in his home in Palo Alto, it is crucial to note that, as per an entertainment publication called The Ankler, Lewis was in talks with SBF for a very long time before SBF was accused of money laundering. In August, the author stated that he was working on a new book that will focus on cryptocurrencies. He stated that the story of the new book “weirdly links up Flash Boys, The Big Short and Liar’s Poker.”

“I guess it is possible it will be framed as a crypto book, but it won’t be a crypto book. It’ll be about this really unusual character. You’ll learn all about crypto and you’ll learn about what screwed up market structure in the United States and so on,” said Lewis.

A note was leaked, which revealed that Lewis is pitching the book to potential movie rights buyers. However, anti-Bitcoin economist, Peter Schiff, stated that “If SBF is the source, it will be a work of fiction.” Michael Lewis needs to piece together what really happened from more reliable sources.”

Parth Dubey

Parth Dubey Verificeret forfatter

En krypto-journalist med over 3 års erfaring inden for DeFi, NFT, metaverse osv. Parth har arbejdet med store medier i krypto- og finansverdenen og har fået erfaring og ekspertise i kryptokulturen efter at have overlevet bear- og bullmarkeder gennem årene.

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