Apple is reportedly close to closing a deal to obtain the rights to publish the story of the former FTX boss, who has been followed for six months by the author of The Big Short.
The story of Samuel Bankman-Fried (SBF), the former head of the failed FTX giant, could very well be the subject of a film.
According to American media Deadline, the giant Apple is on the verge of closing a deal to obtain the publishing rights to the story of SBF which will be written by Michael Lewis. Last week, CoinDesk revealed that Michael Lewis has spent the past six months “travelling and interviewing SBF,” citing a letter from Creative Artists Agency. Most likely, therefore, with a view to writing a book about the former billionaire. Such a shame when you know FTX ran into trouble last spring, at the time of the crypto-crash.
The big short
Michael Lewis is not just anyone. He is the author of several successful books on the wonderful world of finance, including “The Big Short” (later adapted to film), which tells the story of investors who in 2008 successfully bet on the real estate bubble.
“His childhood, early Wall Street successes, embrace of effective altruism, and building a crypto empire that catapulted him into the ranks of the richest people in the world in record time seemed more than enough for a signed book by Michael Lewis,” the letter reads. provided by CoinDesk.
“A Surprising and Dramatic End to the Story”
“The events of the past week have provided a surprising and dramatic ending to the story,” the letter read. If Michael Lewis hasn’t written anything yet, “the story has become too important for us to wait,” the letter concludes.
In an interview with Financial News in August, Michael Lewis said he planned to publish a book on cryptocurrencies.
“I’ve found a character I can write about – it eerily connects ‘Flash Boys’, ‘The Big Short’ and ‘Liar’s Poker,'” he said, citing those books that tell the stories of traders and investors.
“What Messed Up the Market Structure in the US”
Some of his observations resonate very clearly in the current context.
“He will talk about this very unusual character. You will learn all about cryptocurrencies and find out what has screwed up the market structure in the US,” said Michael Lewis.
Had Apple landed such a deal “at a price some sources have put in the seven-figure range” according to Deadline, it would have won a battle against giants Netflix and Amazon.
As a reminder, FTX was considered the second largest cryptocurrency exchange, with a valuation of $32 billion. But on Friday November 11 the platform filed for bankruptcy in the United States, pushing the cryptocurrency market into the red. To date the fallen behemoth, which has more than a million creditors, has $1.24 billion in cash while the platform already owes $3.1 billion to its 50 largest creditors.
