- Michael Lewis’ e-book on the rise and fall of cryptocurrency trade FTX is ready to be revealed on Tuesday.
- “The Massive Brief” creator informed CBS’ “60 Minutes” SBF used him as a sounding board for concepts, together with shopping for Twitter with Elon Musk.
- Lewis mentioned his reply to most of Bankman-Fried’s concepts was no.
Sam Bankman-Fried, the disgraced former CEO of crypto trade FTX, used “The Massive Brief” creator Michael Lewis as a sounding board for concepts — together with one about buying Twitter.
That is in accordance with Lewis, who was chatting with CBS’ “60 Minutes” about his upcoming e-book on cryptocurrency trade cofounder, “Going Infinite.”
Lewis informed CBS that Bankman-Fried got here to him for recommendation on a number of concepts.
When requested for particulars, Lewis mentioned, “For simply, like, selections he was making. Ought to I be a part of Elon Musk in shopping for Twitter? You realize? Ought to we do that? Ought to we try this?”
“Principally, my solutions had been no, no, and no. And he would have a look at me and say, ‘You are a boring grownup.'” Lewis added.
For context, Bankman-Fried’s curiosity in buying Twitter with Musk seems to have gone previous the ideation stage.
Text exchanges from March final 12 months revealed that thinker Will MacAskill — an advisor to Bankman-Fried — relayed his curiosity to Elon Musk and tried to arrange a assembly between the 2. The textual content messages had been a part of the invention course of in Musk’s court battle with Twitter.
In April final 12 months, Musk’s former accomplice Grimes texted Musk that Bankman-Fried could be prepared to contribute as much as $5 billion to Musk’s acquisition of Twitter.
FTX and Bankman-Fried weren’t listed as traders in Musk’s funding deal to amass the social media firm.
Bankman-Fried at the moment faces charges of wire fraud, securities fraud, and cash laundering — which he has pled not responsible to. His trial is because of start on Tuesday, the identical day that Lewis’ e-book hits retailer cabinets. The previous FTX CEO had his bail revoked in August over alleged witness tampering.
Previous to his dramatic fall from grace, Bankman-Fried was as soon as among the many greatest names in crypto, with a internet price of $26.5 billion in 2021 in accordance with Forbes.
A consultant for Bankman-Fried declined to remark to Insider. Elon Musk didn’t instantly reply to requests for remark from Insider, despatched exterior common enterprise hours.
SBF Used Michael Lewis As a Sounding Board for Concepts, Author Says www.businessinsider.com 2023-10-02 07:57:53
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