‘Big Short’ author Michael Lewis has been interviewing and traveling with Sam Bankman-Fried for 6 months for an upcoming book on FTX’s founder: report

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Michael Lewis
Michael Lewis.

  • Author Michael Lewis has spent the final six months embedded with Sam Bankman-Fried for an upcoming book, the Ankler reported. 
  • The electronic mail, despatched by an agent from the Creative Artists Agency, stated Lewis hasn’t begun writing but however “the story has become too big for us to wait.”
  • Lewis likened Bankman-Fried and Binance CEO “CZ” to Luke Skywalker and Darth Vader, respectively. 

Famed Wall Street and finance author Michael Lewis had been interviewing and traveling with Sam Bankman-Fried for the previous six months, forward of the shocking collapse of FTX final week, in keeping with an agent’s electronic mail obtained by the Hollywood e-newsletter The Ankler

Lewis had quietly embedded himself with Bankman-Fried for an upcoming book in regards to the 30-year-old crypto chief, however the developments of the previous week — Alameda Research’s suspect steadiness sheet, Binance walking away from an FTX takeover, and the ensuing (*6*) — have injected extra urgency into the matter. 

Matthew Snyder, a Creative Artists Agency agent, despatched an electronic mail Friday to potential patrons, the Ankler reported. 

“For the past six months or so, Michael Lewis has been traveling with and interviewing Sam Bankman-Fried,” Snyder writes. “His childhood, early success on Wall Street, embrace of effective altruism and the creation of a crypto empire that catapulted him in record time into the ranks of the richest people in the world seemed more than sufficient for a signature Michael Lewis book.” 

Lewis has steadily written about finance, most notably in “The Big Short,” “Liar’s Poker,” and “Flash Boys.” He labored as a bond salesman at Salomon Brothers within the Eighties earlier than leaving Wall Street for writing.

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“Of course, the events of the past week have provided a dramatic surprise ending to the story,” Snyder continued. “It also highlighted the rivalry between Bankman-Fried and Binance head Changpeng Zhao. Michael likens them to the Luke Skywalker and Darth Vader of crypto. Michael hasn’t written anything yet, but the story has become too big for us to wait.” 

Bankman-Fried’s final a number of days alone make for a compelling sequence of occasions. Most just lately, Reuters reported that as a lot as $2 billion of FTX customers’ funds have vanished from the trade, whereas the Financial Times reported that, the day earlier than it imploded, the agency held $900 million in easy-to-sell belongings however $9 billion in liabilities.

Meanwhile, the Securities and Exchange Commission, the Commodity Futures Trading Commission and the Justice Department are reportedly investigating FTX, and the SEC can also be reportedly investigating Bankman-Fried himself.

Bankman-Fried was additionally interviewed over the weekend by the Bahamian police, which stated it is scrutinizing any “criminal misconduct” at FTX.

 

Read the unique article on Business Insider

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