Sam Bankman-Fried Considered Offering Donald Trump $5 Billion to Prevent Presidential Run
According to Michael Lewis, the author of “The Big Short,” former FTX CEO Sam Bankman-Fried contemplated offering Donald Trump a staggering $5 billion to dissuade him from running for the United States presidency in 2024. Lewis revealed this audacious proposal during a 60 Minutes interview on October 1. Bankman-Fried viewed Trump’s potential candidacy as an “existential risk” to U.S. democracy and explored the financial feasibility and legality of the offer. However, the idea never came to fruition due to Bankman-Fried’s lack of funds.
Lewis Compares FTX Collapse to Pompeii
In addition to the revelation about the Trump offer, Lewis shared insights into his close relationship with Bankman-Fried. He spent over 70 days in the Bahamas with the FTX founder, forming a strong bond. Reflecting on FTX’s collapse in November 2022, Lewis likened it to the ruins of Pompeii, with personal belongings and company assets left behind after the catastrophe. Representatives for both Bankman-Fried and Trump declined to comment on these claims.
Upcoming Trial for Sam Bankman-Fried
The high-profile trial of Sam Bankman-Fried is set to begin on October 3 with jury selection, followed by formal trial proceedings starting on October 4. The trial involves seven fraud cases against Bankman-Fried, including two substantive charges and five conspiracy charges. The prosecution must prove his involvement in these charges.
Anna Wintour’s Unexpected Connection with SBF
Michael Lewis also revealed an unlikely connection between Sam Bankman-Fried and Vogue editor-in-chief Anna Wintour. Despite Bankman-Fried’s casual attire, Wintour expressed interest in having him sponsor the prestigious Met Gala. Lewis characterized Bankman-Fried as a “social experiment” with significant financial resources and a willingness to contribute generously. However, his intentions did not align with the outcome.
Hot Take: Sam Bankman-Fried’s Bold Move
Former FTX CEO Sam Bankman-Fried’s consideration of offering Donald Trump $5 billion to prevent his presidential run showcases his unique perspective on U.S. democracy and his willingness to take bold actions. While the proposal never materialized due to financial constraints, it highlights Bankman-Fried’s determination to protect what he perceives as an existential risk. This revelation adds another layer to the complex narrative surrounding Bankman-Fried and his upcoming trial, making it a topic of intrigue and speculation within the crypto community.
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