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

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

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

One of many revelations within the guide is that SBF seemed into paying Donald Trump to not run for president. “That solely shocks you in case you don’t know Sam,” stated Lewis earlier than including:

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

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

SBF was additionally wanting into the legality of it, in accordance 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 line with Lewis, SBF noticed Trump as making an attempt to undermine democracy in america, considering he “belongs on the record of existential dangers.”

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

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

“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, stated there was no remark from his authorized staff.

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

In line 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 instances in opposition to SBF, two substantive costs the place the prosecution should persuade the jury that Bankman-Fried dedicated the crime, and 5 different conspiracy costs.

Journal: Deposit risk: What do crypto exchanges really do with your money?