Apple purchases book on SBF for $5 million

Apple purchases book on SBF for $5 million

Apple Acquires Rights to Book on FTX Founder Sam Bankman-Fried

Apple has reportedly purchased the rights to a book was known “Going Infinite: The Rise and Fall of a New Tycoon” 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.

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Hollywood Projects Based on SBF

In addition to Lewis’ 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.

SBF’s Troubled Journey

Once a prominent figure in the cryptocurrency industry, SBF resigned as FTX’s CEO following an $8 Billion collapse at the company. He is facing charges of fraud and other crimes by United States prosecutors, and the bankrupt company has sued him and former executives for $1 billion. Although while Bankman-Fried denies the states, four former executives have pleaded guilty. His trial is set to start on Oct. 3, the same day Lewis intends to release his book.

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Hot Take

Apple’s 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 digital currencies, providing valuable insights for investors and industry observers.

Author – Contributor at | Website

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.

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