Former FTX CEO SBF Considered Paying Donald Trump Not to Run for President
In a new book by Michael Lewis, it is revealed that former FTX CEO Sam “SBF” Bankman-Fried once explored the idea of paying Donald Trump not to run for president. The book documents SBF’s rise and fall in the crypto industry. According to Lewis, SBF saw Trump as a threat to democracy and contemplated offering him $5 billion to stay out of the race. However, this plan never materialized because SBF no longer had the funds.
The Fallout of FTX’s Collapse
After the collapse of FTX in November 2022, Lewis compared the aftermath to the ruins of Pompeii. Many employees left hastily, leaving behind their belongings and company cars at the airport. The book provides insight into the chaotic events surrounding FTX’s downfall.
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The Close Relationship Between Lewis and SBF
Michael Lewis spent over 70 days in the Bahamas with SBF in 2022, forming a close bond with the former crypto billionaire. He had access to every room, including the penthouse, during his visits. This close relationship allowed Lewis to gain unique insights into SBF’s actions and mindset.
The Upcoming Trial Against Bankman-Fried
A high-profile trial against Bankman-Fried is scheduled to begin on October 4th. It involves seven fraud cases, two substantive charges, and five conspiracy charges. The prosecution will need to convince the jury that Bankman-Fried committed these crimes.
Hot Take: SBF’s Controversial Plan
Former FTX CEO Sam “SBF” Bankman-Fried considered paying Donald Trump a staggering $5 billion not to run for president. This revelation, found in Michael Lewis’ book, sheds light on SBF’s unconventional thinking and his concerns about Trump’s impact on democracy. However, the plan never came to fruition due to a lack of funds. This shocking revelation showcases the lengths some individuals are willing to go to influence political outcomes.
