One of the greatest living financial writers was embedded with FTX’s Sam Bankman-Fried for six months and has a book on the way
Michael Lewis’ next book is about FTX founder Sam Bankman-Fried, and the best-selling author has been embedded with the disgraced crypto mogul for the past six months. It depends report from The Ankler on Sunday.
Lewis, of course, has seen many of his books made into movies. For instance silver ball, starring Brad Pitt, was based on the author’s 2003 novel Moneyball: the art of winning a foul game.
The Bankman-Fried location sparked strong interest over the weekend, following his resignation as CEO of FTX on Friday, which filed for bankruptcy. Many in the crypto world speculated that he fled on a private jet to Argentina, but he replied to a Reuters reporter on the matter with a simple “no” via text message. Bloomberg reports now suggest it is in the Bahamaswhere FTX is based.
Either way, its rapid rise and sudden fall looks like movie material, and many are wondering who will get the rights to the story.
If an author of Lewis’s stature has been brought into Bankman-Fried, that’s big news not just in book publishing, but in Hollywood as well.
At the center of The Ankler’s report is an email he says he got from Matthew Snyder, an agent for the Creative Artists Agency (CAA) in Los Angeles. Snyder reportedly sent the email to potential buyers on Friday.
According to The Ankler, the email reads:
“Over the past six months or so, Michael has traveled and interviewed Sam Bankman-Fried. His childhood, early success on Wall Street, embracing effective selflessness and building a crypto empire that catapulted him in record time into the ranks of the world’s richest people seemed more than enough for a Michael Lewis book signing.
“Of course, the events of the past week provided a dramatic and surprising ending to the story. It also highlighted the rivalry between Bankman-Fried and Binance director Chnagpeng Zhao. Michael Lewis compares them to Luke Skywalker and the Darth Vader of crypto.
“Michael hasn’t written anything yet, but the story has become too big for us to wait.
“Let me know if I’ve piqued your interest.”
It seems unlikely that Bankman-Fried will be considered a Skywalker-type hero after the events of this week, but his rivalry with Changpeng “CZ” Zhaofounder and CEO of crypto exchange Binance, is well established.
Last weekend, a tweet from Binance’s CEO that he was dumping FTX-related coins helped spark a flurry of withdrawal requests from FTX customers. Concern about FTX’s solvency spread quickly. Binance signed a letter of intent to acquire FTX, then pulled out a day later, saying the company’s issues “are beyond our control or our ability to help.” At the end of the week, FTX declared bankruptcy.
“At some point I might have more to say about a particular sparring partner, so to speak,” Bankman-Fried said in a 22-tweet thread on Thursday. “But you know, the glass houses. So for now, all I’ll say is: well done; you won.”
Dramatic stuff, indeed.
This story was originally featured on Fortune.com