FTX founder Sam Bankman-Fried reportedly met with “The Big Short” author Michael Lewis during his house arrest, leading to speculation that the disgraced cryptocurrency mogul may be preparing a media blockbuster centered around him.
Bankman-Fried is currently under house arrest at his parents’ California home. It was at this location that Lewis reportedly spent hours in the company of the crypto billionaire, according to the New York Post. Lewis is famous for his novel detailing the success story of a group of investors who bet against the market and successfully profited during the 2007-2008 economic crisis.
Lewis’s representatives, per the Post, have touted the collapse of FTX as “more than sufficient for a signature Michael Lewis book.” The bestselling author has reportedly been discussing a project with Bankman-Fried for at least six months, well before the collapse of his digital currency empire.
FTX in late November, suffered a sudden and near complete collapse when investors simultaneously lost faith in the company and attempted to withdraw their stakes, rendering the company unable to fully repay them.
Bankman-Fried was arrested in the Bahamas in December and has since been extradited to the United States to face fraud charges. He was released on a $250 million bond.
His former girlfriend, former Alameda Research CEO Caroline Ellison, has since pleaded guilty to criminal fraud charges and is cooperating with prosecutors.