Molly White
Molly White  ·  11 months ago
I've reviewed Michael Lewis's book Going Infinite, which just published today as Sam Bankman-Fried's trial kicks off. Ultimately, it's a story of the FTX collapse that never meaningfully changed from the hero story Lewis originally set out to write.

https://newsletter.mollywhite.net/p/review-michael-lewiss-going-infinite

#FTX #SBF#GoingInfinite #MichaelLewis #crypto #cryptocurrency#BookReview

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Molly White
Molly White  ·  11 months ago
If Sam Bankman-Fried is convicted in the upcoming FTX fraud trial, Lewis’s admiring biography will take an awkward place on the shelves of history.

#FTX #SBF#GoingInfinite #MichaelLewis #crypto #cryptocurrency#BookReview

To this day, Bankman-Fried claims that the collapse of FTX, and the more than $8 billion in missing customer funds, is all the result of mismanagement and sloppy record-keeping, but not intentional fraud. By writing a book that largely backs up Bankman-Fried’s claims, Lewis seems to be staking his own substantial reputation on this being the truth — or, at least, on the government being unable to prove beyond a reasonable doubt that it isn’t. If Bankman-Fried is convicted in the upcoming trial, Lewis’s book will take an awkward place on the shelves of history.
To this day, Bankman-Fried claims that the collapse of FTX, and the more than $8 billion in missing customer funds, is all the result of mismanagement and sloppy record-keeping, but not intentional fraud. By writing a book that largely backs up Bankman-Fried’s claims, Lewis seems to be staking his own substantial reputation on this being the truth — or, at least, on the government being unable to prove beyond a reasonable doubt that it isn’t. If Bankman-Fried is convicted in the upcoming trial, Lewis’s book will take an awkward place on the shelves of history.
To this day, Bankman-Fried claims that the collapse of FTX, and the more than $8 billion in missing customer funds, is all the result of mismanagement and sloppy record-keeping, but not intentional fraud. By writing a book that largely backs up Bankman-Fried’s claims, Lewis seems to be staking his own substantial reputation on this being the truth — or, at least, on the government being unable to prove beyond a reasonable doubt that it isn’t. If Bankman-Fried is convicted in the upcoming trial, Lewis’s book will take an awkward place on the shelves of history.
Molly White
Molly White  ·  11 months ago
I joined Michael Lewis on his podcast back in May, and found him generally skeptical of both cryptocurrencies and the industry. We didn't talk much about FTX specifically, which is perhaps why I left that conversation hopeful about this book.

https://www.pushkin.fm/podcasts/against-the-rules/on-background-crypto-skeptic-proven-right

#FTX #SBF#GoingInfinite #MichaelLewis #crypto #cryptocurrency#BookReview