Donald Trump

Coin

<ul class="news-points"> 
 <li>Michael Lewis, American author and financial journalist, said FTX wasn’t a Ponzi scheme and had “great real business.”</li> 
 <li>SBF was planning to pay Donald Trump $5 billion to not run for president.</li> 
 <li>Lewis said that FTX’s fall was due to a financial collapse.</li> 
</ul> 
Bankrupt <a href="https://coinedition.com/tag/ftx-news/" rel="noopener noreferrer nofollow">crypto exchange FTX</a> wasn’t a Ponzi scheme and had great real business, according to best-selling American author Michael Lewis. In an interview with CBS News, Lewis shared his stories of meeting FTX’s former CEO, Sam Bankman-Fried, and claimed that people were “misreading him.” 
Lewis stated that FTX’s fall was a “financial collapse” and said, “If no one had ever cast aspersions on the business, if there hadn’t been a run on customer deposits, they’d still be sitting there making tons of money.” 
Sam Bankman-Fried allegedly gave multi-million dollars to support Republican candidates and was one of Joe Biden’s biggest donors. Moreover, he allegedly cornered over $100 million in <a href="https://coinedition.com/us-grand-jury-files-new-seven-count-charges-against-sam-bankman-fried/" rel="noopener noreferrer nofollow">customer funds for political reasons</a>. 
In the interview, Lewis stated that SBF was considering paying Donald Trump $5 billion not to run for president. The reason why SBF didn’t go through wit… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/ftx-wasnt-a-ponzi-scheme-but-a-real-business-said-american-author/">FTX Wasn’t a Ponzi Scheme but a Real Business: Said American Author</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

FTX Wasn’t a Ponzi Scheme but a Real Business: Said American Author

Coin Edition

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