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Sam Bankman-Fried Planned To Pay $5 Billion To Trump
10/02/2023

Sam Bankman-Fried Planned To Pay $5 Billion To Trump

10/02/2023
4,6

The disgraced businessman is charged with seven federal counts of law, one of which is political sponsorship. According to Michael Lewis, Bankman-Fried planned to make a major contribution to the 2024 election campaign by paying Donald Trump $5 billion not to run for president.

In an interview for 60 Minutes, Michael Lewis, author of Going Infinite: The Rise and Fall of a New Tycoon, revealed shocking information about the activities of Bankman-Fried. According to Lewis, this information was shocking only to those who are not familiar with Sam. He added that before the FTX bankruptcy, Bankman-Fried and Trump were in talks. The businessman was also looking into the legality of the issue. It is unclear whose side set the $5 billion price tag. The deal did not happen only because Bankman-Fried's company went bankrupt.

Lewis spent several months in the Bahamas before the FTX bankruptcy. He described the collapse of the Bankman-Fried crypto empire as the fall of Pompeii. He said employees abandoned their apartments and company cars in the Bahamas, leaving the island in a hurry.

Sam Bankman-Fried's trial is set to begin on October 3. If he is found guilty on all charges, he faces up to 100 years in prison.


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The materials found on the Cryptonica website shall not be taken as individual investment recommendations. The financial instruments or operations mentioned therein may not align with your investment profile or objectives. We assume no responsibility for any missing facts or inaccurate information in the texts. Cryptocurrencies are financial assets with high risk and volatility. Therefore, it is crucial that you conduct your own research on financial instruments and make independent decisions. Before engaging in any actions related to cryptocurrency, you shall study, understand, and comply with the laws applicable in your region and country.

Sam Bankman-Fried


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