FTX founder mulled giving Trump $5B not to run for president, says author


Former FTX CEO Sam “SBF” Bankman-Fried as soon as appeared into paying Donald Trump to not run for United States president, in keeping with Michael Lewis, the writer of a brand new e book documenting the rise and fall of SBF.

Michael Lewis, writer of Going Infinite: The Rise and Fall of a New Tycoon, spoke concerning the former crypto billionaire and FTX founder in a 60 Minutes interview on Oct. 1.

One of many revelations within the e book is that SBF appeared into paying Donald Trump to not run for president. “That solely shocks you if you happen to don’t know Sam,” mentioned Lewis earlier than including:

“Sam’s pondering that we might pay Donald Trump to not run for president […] like how a lot would it not take?”

“The quantity that was kicking round was $5 billion,” he added earlier than saying that SBF was uncertain if that quantity got here immediately from Donald Trump.

SBF was additionally wanting into the legality of it, in keeping with Lewis, who added that “they have been nonetheless having these conversations when FTX blew up.”

It simply didn’t occur as a result of Bankman-Fried didn’t have the $5 billion any longer, he added.

In keeping with Lewis, SBF noticed Trump as making an attempt to undermine democracy in america, pondering he “belongs on the listing of existential dangers.”

Lewis spent greater than 70 days within the Bahamas on a dozen completely different journeys to go to SBF in 2022, and the pair grew to become shut. “I might keep in spare bedrooms, so I had codes to each room together with the penthouse,” he advised The Wall Street Journal.

Talking on the fallout following the collapse of FTX in November 2022, he mentioned:

“It was just like the aftermath of Pompeii. Garments and belongings left behind, frozen in time. Many headed to the airport leaving firm automobiles with the keys inside on the curb.”

Cointelegraph contacted authorized representatives for Bankman-Fried and Trump. Mark Botnick, who handles communications for the SBF case, mentioned there was no remark from his authorized workforce.

Associated: How long could Sam Bankman-Fried go to jail for? Crypto lawyers weigh in

In keeping with the trial schedule calendar launched final week, the high-profile Bankman-Fried trial begins on Oct. 3 with jury choice. The trial begins on Oct. 4.

The trial will contain seven fraud circumstances towards SBF, two substantive expenses the place the prosecution should persuade the jury that Bankman-Fried dedicated the crime, and 5 different conspiracy expenses.

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