‘Going Infinite’, by Michael Lewis, offers a behind-the-scenes account of FTX founder Sam Bankman-Fried’s rise and fall.
On Tuesday , the day that Sam Bankman-Fried’s trial on federal fraud charges begins, bestselling author Michael Lewis is set to publish a widely anticipated book about Bankman-Fried’s failed cryptocurrency exchange, FTX.
“I made people hate each other a little more and trust each other a little less,” Bankman-Fried later wrote of the split. “I severely curtailed my own future ability to do good.”When FTX was thriving, Bankman-Fried became a prolific political donor, contributing more than $US5 million to Joe Biden’s 2020 presidential election effort.
“In a lot of ways I don’t really have a soul,” he wrote. “My feelings are fake, my facial reactions are fake. I don’t feel happiness. What’s the point in dating someone who you physically can’t make happy?”Lewis spent time with Bankman-Fried at FTX’s headquarters in the Bahamas just hours after the company filed for bankruptcy in November. He describes a panicked text that Bankman-Fried received from Nishad Singh, a top FTX executive who later pleaded guilty to fraud.
In the interviews, Ray described Ellison as “cold as ice” and an “obvious complete weirdo”, using an expletive for emphasis. He also noted that FTX had invested $US500 million in Anthropic, an artificial intelligence start-up, before dismissing the project as “just a bunch of people with an idea. Nothing”.
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