Michael Lewis’ subsequent e book is about FTX founder Sam Bankman-Fried, and the best-selling writer has been embedded with the disgraced crypto mogul for the previous six months. That’s based on reporting from The Ankler on Sunday.
Lewis, after all, has seen a number of of his books was films. As an illustration Moneyball, starring Brad Pitt, was primarily based on the writer’s 2003 Moneyball: The Artwork of Successful an Unfair Sport.
The location of Bankman-Fried has been a matter of intense curiosity this weekend, after he resigned as FTX’s CEO on Friday because it declared chapter. Many within the crypto world speculated that he fled on a personal jet to Argentina, however he replied to a Reuters journalist on that with a easy “nope” through textual content message. Bloomberg reporting now suggests he’s in the Bahamas, the place FTX is predicated.
Both approach, his fast rise and sudden fall seems like film materials, and lots of are questioning who will get the rights to the story.
If an writer of Lewis’ stature has been embedded with Bankman-Fried, that’s large information not solely in e book publishing, however in Hollywood, too.
On the heart of The Ankler’s reporting is an electronic mail it says it obtained from Matthew Snyder, an agent at Inventive Artists Company (CAA) in Los Angeles. Snyder reportedly despatched the e-mail to potential consumers on Friday.
Based on The Ankler, the e-mail reads:
“For the previous six months or so, Michael has been touring with and interviewing Sam Bankman-Fried. His childhood, early success at Wall Avenue, embrace the efficient altruism and the creation of a crypto empire that catapulted him in report time into the ranks of the richest folks on the planet appeared greater than ample for a signature Michael Lewis e book.
“After all, the occasions of the previous week have offered a dramatic shock ending of the story. It additionally highlighted the rivalry between Bankman-Fried and Binance head Chnagpeng Zhao. Michael Lewis likens them to the Luke Skywalker and Darth Vader of crypto.
“Michael hasn’t written something but, however the story has turn out to be too large for us to attend.
“Let me know if I’ve piqued your curiosity.”
It appears unlikely Bankman-Fried shall be seen as a Skywalker-type hero after the occasions of this week, however his rivalry with Changpeng “CZ” Zhao, founder and CEO of crypto alternate Binance, is effectively established.
Final weekend, a tweet from from the Binance CEO that he was dumping FTX-linked cash helped spark a wave of withdrawal requests from FTX clients. Concern about FTX’s solvency unfold shortly. Binance signed a letter of intent to amass FTX, then backed out only a day later, stating that the corporate’s points “are past our management or potential to assist.” By week’s finish FTX declared chapter.
“In some unspecified time in the future I might need extra to say a couple of specific sparring companion, so to talk,” Bankman-Fried stated in a 22-tweet thread on Thursday. “However you recognize, glass homes. So for now, all I’ll say is: effectively performed; you gained.”
Dramatic stuff, certainly.
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