WEB3
by BSCN
October 2, 2023
his revelation emerged during an interview with renowned author Michael Lewis, who explored SBF's remarkable journey from crypto billionaire to political influencer.
Renowned author Michael Lewis has unveiled a fascinating episode in the life of former FTX CEO Sam Bankman-Fried (SBF), revealing that SBF once contemplated offering Donald Trump a remarkable $5 billion to dissuade him from running for the U.S. presidency. This revelation came to light during a 60 Minutes interview with CBS News, in which Lewis explored the extraordinary journey of SBF, a former crypto billionaire and the founder of FTX.
SBF's audacious plan reportedly aimed to support Mitch McConnell, the U.S. Senate Republican leader, in funding Republican candidates who were at odds with Trump. Subsequently, tens of millions of dollars were committed to the campaigns of select Republican politicians, most of which the current FTX management is now trying to recover. SBF had intentions of further supporting Republican candidates in the 2024 U.S. elections.
The driving force behind SBF's generous donations and political maneuvering was his belief that Donald Trump represented a significant existential risk to democracy. However, the legality and the source of this proposed amount remained unclear.
During these discussions, FTX faced financial turmoil and ultimately went bankrupt. SBF also examined the legal implications of his audacious offer to Trump. The aftermath of FTX's collapse was described as chaotic, with personal belongings left behind as employees hurriedly departed.
Michael Lewis had developed a close relationship with SBF during his extensive visits to the Bahamas in 2022, offering unique insights into SBF's world and mindset, as is evident from a report from The Wall Street Journal.
Disclaimer
Disclaimer: The views expressed in this article do not necessarily represent the views of BSCN. The information provided in this article is for educational and entertainment purposes only and should not be construed as investment advice, or advice of any kind. BSCN assumes no responsibility for any investment decisions made based on the information provided in this article. If you believe that the article should be amended, please reach out to the BSCN team by emailing [email protected].
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