Apple is investigating a yet-to-be-released book by Michael Lewis about the FTX crypto exchange and its founder Sam Bankman-Fried. Deadline reports.
Apart from Apple to make a feature film under the instructions of Netflix and Amazon, but Apple has the best chance of getting the film rights. The amount, which is estimated at seven figures, Apple made the best offer.
Michael Lewis has been watching Sam Bankman-Freed and FTX for the last six months. He also studied in detail the reasons for the bankruptcy of the crypto exchange in order to reflect them in the book.
In early November, it became known about the problems of the FTX exchange with the liquidation. She transferred client money to Alameda Research, which financed high-risk transactions. After that, the FTT exchange token collapsed, pulling other cryptocurrencies along with it, and FTX declared bankruptcy.
Sam Bankman-Fried’s net worth was estimated at about $16 billion on November 8. On November 9, he lost 94% of his savings, leaving just under $1 billion in his accounts, according to Bloomberg calculations. On November 11, the publication declared the former billionaire bankrupt, saying that he had no funds left.
Writer Michael Lewis Known for The Big Game to Win. Secret Springs of Financial Disasters. In 2015, based on it, the film “Game at Sunset” was released. [Deadline]
Source: Iphones RU
