Michael Lewis, ‘Big Short’, Has Spent 6 months with FTX’s Bankman Fried for Book
- The Ankler reported that Michael Lewis spent six months with Sam Bankman-Fried in preparation for a forthcoming book.
- An agent from Creative Artists Agency sent an email to Lewis, stating that he hasn’t started writing yet, but that the story was too big for them to wait.
- Lewis compared Bankman-Fried and Binance CEO CZ “to Luke Skywalker and Darth Vader respectively.
Michael Lewis, a well-known Wall Street and finance author, has been interviewing Sam Bankman-Fried and traveling with him for six months. the shocking collapse of FTXAccording to an email from an agent obtained by the Hollywood newsletter, it was last week The Ankler.
Lewis had quietly embedded himself with Bankman-Fried for an upcoming book about the 30-year-old crypto chief, but the developments of the past week — Alameda Research’s suspect balance sheet, Binance walking awayThe FTX Takeover and the resulting bankruptcy — have injected more urgency into the matter.
Matthew Snyder, a Creative Artists Agency agent sent an email Friday to potential buyers.
Snyder writes that Michael Lewis has been traveling with Sam Bankman-Fried for the past six months. “His childhood, early success in Wall Street, his embrace for effective altruism, the creation of a cryptocurrency empire that catapulted them in record time to the ranks of the most wealth people in the globe seemed more than sufficient to make a signature Michael Lewis book.”
Lewis has written a lot about finance, including “The Big Short,” Liar’s Poker,” Flash Boys, and “Flash Boys.” Before he left Wall Street to write, he worked as a bond broker at Salomon Brothers during the 1980s.
Snyder continued, “Ofcourse the events of the last week have provided an unexpected ending to the story.” It also highlighted the rivalry between Bankman Fried and Binance head Changpeng Zhao. Michael compares them to Darth Vader and Luke Skywalker in crypto. Michael hasn’t yet written anything, but the story is too big to ignore.
The last few days of Bankman Fried’s are a compelling collection of events. Reuters reported recently that as much as $2 billion of FTX customers’ funds have vanishedThe Financial Times reported that the firm had $900million in assets that were easy to sell the day before it imploded. $9 billion in liabilities.
Currently, the Securities and Exchange Commission and the Commodity Futures Trading Commission are reportedly investigating FTX. The Justice Department is also reportedly investigating Bankman Fried.
Bahamian police interviewed Bankman-Fried as well. scrutinizing any “criminal misconduct” at FTX.
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