Sam Bankman-Fried met with The Big Short author during house arrest: Report
Christopher Hutton
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FTX founder Sam Bankman-Fried is working with a popular journalist to turn the story of his crypto exchange’s rise and fall into a bestseller.
Bankman-Fried was visited by Michael Lewis, author of Moneyball and The Big Short, last Friday, according to the New York Post. Lewis spent several hours at SBF’s parents’ home, where he had been forced to live after paying a $250 million bail last week. Lewis has been in talks with Bankman-Fried for over six months, including discussions before the crypto mogul’s business collapse. These meetings are occurring as SBF is held on bail and faces trial over charges of fraud.
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Bankman-Fried’s discussions were revealed in a letter from Lewis’s publishing agency, which had pitched a book on Bankman-Fried in the last year and his success as an investor. SBF’s rise to fame was “more than sufficient for a signature Michael Lewis book,” Lewis’s publicists argued.
The crypto billionaire is expected to enter a plea deal as early as next week. His former co-founder, Zixiao “Gary” Wang, and former Alameda Research CEO Caroline Ellison agreed to a plea deal on Dec. 21 to cooperate with prosecutors.
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Bankman-Fried appeared in court for the first time after being charged by federal courts in New York with two counts of wire fraud and six counts of conspiracy. He also faces charges from the Securities and Exchange Commission and the Commodity Futures Trading Commission over his handling of investment funds and his interactions with the partner index fund Alameda Research.
The Department of Justice is investigating the hack of FTX, in which someone accessed the system and stole $372 million after the company filed for bankruptcy.