This never took place, of course. But something similar—the financial-world version of the above events, basically—has happened to Michael Lewis. His new book, Going Infinite: The Rise and Fall of a New Tycoon, is a behind-the-scenes look at how disgraced cryptocurrency mogul Sam Bankman-Fried made and lost a fortune through his now-bankrupt cryptocurrency exchange FTX and wound up on trial for the wildest financial fiasco in contemporary history.
It is worth noting that both Faux and Lewis’ books open with the writers confessing that they’d been initially taken in by SBF, and describe conversations they’d had with him before his downfall, but there is a key distinction. Lewis recounts how impressed he’d been without hinting that he no longer feels that way. Faux takes a different approach. The opening line is a quote from Bankman-Fried: “I’m not going to lie,” SBF promises Faux. “This was a lie,” Faux writes.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Trial of Crypto’s Golden Boy: Jury Selection - The Journal.On the first day of trial, Sam Bankman-Fried debuts a new haircut and the judge begins the process of selecting a jury. WSJ’s Caitlin Ostroff delves into the judge who will preside over this historic trial, and the jury who will determine Bankman Fried’s fate. Further Reading: - Sam Bankman-Fried’s Courtroom Look Spells a Personal Vibe Shift - Crypto Could Be a Mystery to Jurors in Bankman-Fried Case Further Listening: - The Trial of Crypto’s Golden Boy
Source: WSJ - 🏆 98. / 63 Read more »
Sam Bankman-Fried Lost Half a Million Dollars Everyday After Alameda Launched, Michael Lewis ClaimsThe tides finally changed after Gary Wang and Nishad Singh (both FTX directors who have since pled guilty to fraud in the ongoing trial) joined the firm.
Source: CoinDesk - 🏆 291. / 63 Read more »
The Celebs Who Helped Sam Bankman-Fried—Until He CrashedThey cashed in. He’s looking at decades in prison.
Source: thedailybeast - 🏆 307. / 63 Read more »
Current laws sufficient to charge Sam Bankman-Fried for alleged fraud: DOJU.S. prosecutors said Wednesday that evidence about the absence of crypto regulation is 'only likely to confuse the jury.'
Source: TheBlock__ - 🏆 464. / 53 Read more »
| WSJ News Exclusive | When Caroline Ellison Met Sam Bankman-FriedIn an exclusive excerpt from his new book ‘Going Infinite,’ Michael Lewis offers an intimate look at the tumultuous early days of the relationship between the two figures at the center of the fraud trial over the collapse of FTX.
Source: WSJ - 🏆 98. / 63 Read more »
5 highlights of Sam Bankman-Fried’s first day of trialThe SBF trial kicked off with jury selection but the task still wasn’t completed after a busy first day in the New York courtroom.
Source: Cointelegraph - 🏆 562. / 51 Read more »