Apple Acquires Rights to Book on FTX Founder Sam Bankman-Fried
Apple has reportedly purchased the rights to a book wasย known โGoing Infinite: The Rise and Fall of a New Tycoonโ written by Michael Lewis, which centers around Sam Bankman-Fried (SBF), the founder of the bankrupt cryptocurrency exchange FTX. The tech giant paid $5 Million for the rights to the book. Lewis spent 12 months with SBF and witnessed his rise and downfall in real time.
Hollywood Projects Based on SBF
In addition to Lewisโ book, there are reportedly eight projects in Hollywood based on SBF, including a profile documentary by Nanette Burstein. Amazon likewise approved a limited series about the FTX collapse. Nonetheless, these projects may face delays due to the 2023 Writers Guild of America strike.
SBFโs Troubled Journey
Once a prominent figure in the cryptocurrency industry, SBF resigned as FTXโs CEO following an $8 Billion collapse at the company. He is facing charges of fraud and other crimes by Unitedย States prosecutors, and the bankrupt company has sued him and former executives for $1 billion. Althoughย while Bankman-Fried denies the states, four former executives have pleaded guilty. His trial is set toย start on Oct. 3, the same day Lewis intendsย to release his book.
Hot Take
Appleโs acquisition of the rights to the book suggests a growing interest in crypto-related stories within mainstream media. The rise and fall of Sam Bankman-Fried and FTX serve as cautionary tales in the volatile world of digitalย currencies, providing valuable insights for investors and industry observers.
Noah Rypton stands as an enigmatic fusion of crypto analyst, relentless researcher, and editorial virtuoso, illuminating the uncharted corridors of cryptocurrency. His odyssey through the crypto realms reveals intricate tapestries of digital assets, resonating harmoniously with seekers of all stripes. Noah’s ability to unfurl the labyrinthine nuances of crypto intricacies is elegantly interwoven with his editorial finesse, transmuting complexity into an engaging symphony of comprehension.
