Everyone got duped by Sam Bankman-Fried's big gamble
The dishevelled former wunderkind fooled Silicon Valley and stole billions from customers, a court found.
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The dishevelled former wunderkind fooled Silicon Valley and stole billions from customers, a court found.
Previously: Sadly, FTX I doubted whether it would be a good use of time to read Michael Lewis’s new book Going Infinite about Sam Bankman-Fried (hereafter SBF or Sam). What would I learn that I did not already know? Was Michael Lewis so far in the tank of SBF that the book was filled with nonsense and not to be trusted?
When Michael Lewis first met Sam Bankman-Fried, he knew he’d found the perfect character for his next book. But the author says he had no idea he’d be chronicling the rise and fall of a cryptocurrency giant, ultimately culminating in a massive criminal trial.
Sam Bankman-Fried had a meteoric rise and an even sharper fall, from running a £21bn crypto empire to facing a possible jail sentence of more than 100 years. But who is the curly haired 31-year-old, and how did he reach this point?
Lewis, the author of an upcoming book on FTX, said during an interview that his answer to most of Bankman-Fried's ideas was no.