Michael Lewis, author of Moneyball And the The Big Short, has been following FTX founder Sam Bankman-Fried for the past six months to write his next book. And while the likely ending of Lewis’ book has clearly changed in the past week since FTX’s $32 billion explosion, Lewis has already begun to shop around for the film rights, according to a new report from Uncle.
Matthew Snyder of the CAA talent agency, which represents Lewis, emailed Friday to Hollywood VIPs explaining that Lewis interviewed Bankman-Fried for months. Lewis and Bankman Fried have been talking about everything from the FTX founder’s childhood to his early successes on Wall Street,It seems certain that Lewis will have the inside story on everything that happened before FTX filed for bankruptcy Friday.
“Of course, last week’s events brought a dramatic end to the story. It also highlighted the rivalry between Bankman-Fried and Binance Chairman Chnagpeng. [sic] Chow. Michael likened them to Luke Skywalker and Darth Vader from cryptography,” reads the email Snyder sent, according to a screenshot posted by The Ankler.
“Michael hasn’t written anything yet, but the story is getting too big to wait. Let me know if I piqued your interest,” the email continued.
A misspelled reference to Changpeng Zhao, CEO of Binance, or CZ as it is often known, points to how CZ’s actions have sent FTX into a meltdown. CZ bought a 20% stake in FTX back in 2019 but was at odds with Bankman-Fried, according to Reuters. When Bankman-Fried bought CZ’s stake in FTX in mid-2021, it was in large part with FTX’s original token, FTT. CZ sold $580 million of this token last week, sending the house of cards to the ground.
Lewis hinted over the summer that he was on his way to something big, telling Financial News he had been introduced to someone inside the cryptocurrency. Made by a mutual friend.
“I really don’t want to reveal exactly what I’m writing about. But I did find a character that I can write about – it’s weird connections Flash BoysAnd the The Big Short And the Liar Poker,” Louis said financial news Back in August, referring to his other books.
“I’m basically over the next year going to be at this guy’s hip. I don’t quite know what the story looks like just yet,” Lewis said.
We now know that this person was indeed Sam Bankman-Fried. And it’s unclear what kind of access Lewis has now and this shit really hit the fan.
30-year-old Bankman-Fried founded FTX in 2019, a crypto exchange that has grown to $32 billion in a shockingly short period of time. SBF, as it is often called, became a billionaire while selling himself as a morally wealthy man. was a promoter ofEffective altruismSupposedly donating millions each year, he is a vegetarian who has donated to largely left-leaning political causes, including President Joe Biden.
But it all fell apart last week, thanks in large part to allegations that Bankman-Fried funneled billions of dollars in FTX client money to sister organization Alameda Research, making bets he couldn’t cover. Reportedly, both the Securities and Exchange Commission and the Ministry of Justice open investigations In the former billionaire, even before the company filed for bankruptcy on Friday. To make things even weirder, FTX was “hacked” over the weekend and had about $600 million worth of cryptocurrency drain.
Bankman-Fried, who had a personal fortune of $26 billion at his peak, is apparently still in the Bahamas, where FTX was based, although there are rumors that he is trying to escape to a country without an extradition treaty with the United States – And it’s a move that would obviously make a great scene in any movie that eventually gets made.
Michael Lewis is no stranger to Hollywood and his work rights are pretty much guaranteed to fetch a penny. Author’s book Moneyball It was adapted on the big screen by Brad Pitt and Jonah Hill in 2011 and his book The Big Short It was adapted for Steve Carell, Ryan Gosling, Brad Pitt and Christian Bale in 2015. Both films were huge hits, with Moneyball Taking 110 million dollars on a budget of 50 million dollars and The Big Short A total of $133 million on a $50 million budget.
Aside from the record-breaking pace of FTX’s internal meltdown, the story of Bankman-Fried’s downfall has plenty of moments that any screenwriter would love, including 10 people romantic relationship And rumors of widespread amphetamine use. Well, not much Rumors as Tweets that were posted very publicly by Caroline Ellisonhead of Alameda research and romantic partner of Bankman-Fried.
Lewis will also definitely have a lot of material to work from when it comes to Bankman-Fried family history. Both parents of the cryptocurrency founder in blue on Wikipedia: Barbara Fried and Joseph Bankman are professors at Stanford Law School. His aunt, Linda B. Fried, is also the dean of the Columbia University School of Public Health.
There are also a few tidbits from old interviews with Bankman-Fried that now appear as odd details that may or may not make the movie. For example, Bankman-Fried gave an interview where he made it clear that he believed books were losers. seriously.
“I’m very skeptical about books. I don’t want to say there’s no book worth reading at all, but I actually think something very close to that. I think, if you wrote a book, you’re going to fail, and it should have been a six paragraph blog post.” , “Bankman-Fried has been quoted as saying in an interview since then It has been removed from the Internet.
Perhaps SBF should have opened a book or two about how Ponzi schemes came to be. It’s usually not great for the people running it.
#Michael #Lewis #sold #movie #rights #book #FTXs #Meltdown #website