FTX Wasn’t a Ponzi Scheme but a Real Business: Said American Author
- Michael Lewis, American author and financial journalist, said FTX wasn’t a Ponzi scheme and had “great real business.”
- SBF was planning to pay Donald Trump $5 billion to not run for president.
- Lewis said that FTX’s fall was due to a financial collapse.
Bankrupt crypto exchange FTX wasn’t a Ponzi scheme and had great real business, according to best-selling American author Michael Lewis. In an interview with CBS News, Lewis shared his stories of meeting FTX’s former CEO, Sam Bankman-Fried, and claimed that people were “misreading him.”
Lewis stated that FTX’s fall was a “financial collapse” and said, “If no one had ever cast aspersions on the business, if there hadn’t been a run on customer deposits, they’d still be sitting there making tons of money.”
Sam Bankman-Fried allegedly gave multi-million dollars to support Republican candidates and was one of Joe Biden’s biggest donors. Moreover, he allegedly cornered over $100 million in customer funds for political reasons.
In the interview, Lewis stated that SBF was considering paying Donald Trump $5 billion not to run for president. The reason why SBF didn’t go through wit…
The post FTX Wasn’t a Ponzi Scheme but a Real Business: Said American Author appeared first on Coin Edition.
FTX Wasn’t a Ponzi Scheme but a Real Business: Said American Author
- Michael Lewis, American author and financial journalist, said FTX wasn’t a Ponzi scheme and had “great real business.”
- SBF was planning to pay Donald Trump $5 billion to not run for president.
- Lewis said that FTX’s fall was due to a financial collapse.
Bankrupt crypto exchange FTX wasn’t a Ponzi scheme and had great real business, according to best-selling American author Michael Lewis. In an interview with CBS News, Lewis shared his stories of meeting FTX’s former CEO, Sam Bankman-Fried, and claimed that people were “misreading him.”
Lewis stated that FTX’s fall was a “financial collapse” and said, “If no one had ever cast aspersions on the business, if there hadn’t been a run on customer deposits, they’d still be sitting there making tons of money.”
Sam Bankman-Fried allegedly gave multi-million dollars to support Republican candidates and was one of Joe Biden’s biggest donors. Moreover, he allegedly cornered over $100 million in customer funds for political reasons.
In the interview, Lewis stated that SBF was considering paying Donald Trump $5 billion not to run for president. The reason why SBF didn’t go through wit…
The post FTX Wasn’t a Ponzi Scheme but a Real Business: Said American Author appeared first on Coin Edition.