SBF Planned to Offer Trump $5 Billion not to Run for President

Sam Bankman-Fried (SBF), once a top player in the crypto world with his company FTX, had big plans that even included giving billions to Donald Trump, the former US President, to stop him from running for president again. But things changed when FTX faced severe money problems, and those big plans with Trump were put aside.

Famous writer Michael Lewis spent many hours with SBF and shared interesting insights in an interview and his book. SBF, seeing Trump as a danger to democracy, wanted to offer him $5 billion to not run for president. Though SBF didn’t have that money when FTX was close to failing, his past big donations to politics, like giving millions to Joe Biden’s campaign and other Democrats, make the story very engaging.

Michael Lewis emphasized in interviews that FTX was not a scam but faced a “financial collapse”. He explained if there hadn’t been doubts and a run on customer deposits, FTX would still be doing very well financially. He also detailed SBF’s thoughts of possibly paying Trump a hefty sum not to pursue the presidency again.

Despite the downfall of FTX and SBF’s legal troubles, Lewis noted that SBF had brought hope to many and left a big gap in the crypto world that needs filling. Many people in the crypto community have strong feelings about SBF and the interview, calling it “infuriating” and “insane reporting.” As for SBF, his trial on fraud charges and his life in jail continue to unfold, becoming a notable cautionary tale in the crypto world.