Michael Lewis News

Former FTX CEO Sam Bankman-Fried explored the possibility of offering Donald Trump a staggering $5 billion to dissuade him from running for the United States presidency in 2024, Big Short author Michael Lewis revealed. 

Effective altruism was used to justify “increasingly risky and ridiculous” actions at crypto exchange FTX prior to its ultimate collapse in November 2022, says a former software engineer at Alameda Research.

Former FTX CEO Sam Bankman-Fried once looked into paying Donald Trump not to run for United States president, according to Michael Lewis, the author of a new book documenting the rise and fall of SBF.

Multinational technology company Apple has reportedly paid $5 million for the rights to author Michael Lewis’ upcoming book on former FTX CEO Sam Bankman-Fried (SBF) following a bidding war.

The Blind Side" years after its release as Michael Oher, the former NFL player whose life inspired the film, seeks to sever legal ties with the Tuohy family, who took him in and featured in the movie. Oher, now 37, claims he was never adopted by the Tuohys as shown in the film and was misled into signing an agreement giving them control over his decisions and a share in the profits from the movie's success. «The Blind Side,» based on Michael Lewis' book, dramatizes Oher's journey from foster care to NFL success, with Sandra Bullock winning an Oscar for her portrayal of Leigh Anne Tuohy. While the film takes liberties with the real story, Oher had criticized its portrayal of him earlier, expressing concerns about being shown as unintelligent. The movie's financial aspect has also sparked debate. The Tuohy family negotiated a movie deal, earning $225,000 each and 2.5% of the film's net proceeds. However, Oher, according to his petition, signed away his story rights to 20th Century Fox for no payment. Despite the movie's success, the Tuohys and Michael Lewis, who wrote the book «The Blind Side: Evolution of a Game» claim their earnings were modest due to complex Hollywood accounting, media reports said. Sandra Bullock's connection to the controversy led to calls for her to return her Oscar. Quinton Aaron, who portrayed Oher in the film, defended Bullock, stating she had no role in the real story. Industry insiders also dismissed the idea of Bullock losing her award, seeing it as unfounded Twitter outrage.

Investor Michael Burry, who famously predicted the 2008 housing market crash and later was played by Christian Bale in the movie “The Big Short,” has bet more than $1.6 billion on a Wall Street collapse, according to an SEC filing this week.

By David Randall and Saqib Iqbal Ahmed

Katie Spikes passed away at the age of 53. She was known for her popular show ‘60 Minutes’ and «Larry King Live».

In this article

United States prosecutors will drop some of the charges against former FTX CEO Sam Bankman-Fried if the Bahamas government objects to them, according to a document filed on May 29 in the U.S. District Court for the Southern District of New York.

Crypto exchange Hotbit announced that it would be halting operations as of May 22. The exchange asked its users to withdraw funds before June 21, at 4:00 am UTC.

Michael Lewis, the bestselling author of The Big Short and Moneyball, has revealed that he has almost finished writing his book on Sam Bankman-Fried (SBF) and the collapse of the FTX crypto exchange.

In the current market, Bitcoin is showing signs of indecision as a symmetrical triangle formation takes shape. 

Members of the crypto community published their sentiments on social media in response to the former FTX CEO Sam Bankman-Fried’s reportedly meeting with Michael Lewis, the writer of the popular trading-focused film, The Big Short. 

Michael Lewis, author of the bestseller book The Big Short, has met with Sam Bankman-Fried, the disgraced founder and former CEO of the collapsed crypto exchange FTX, at the California home where he is holed up awaiting trial. 

FTX also saw its regulatory status as a way of luring new capital from major investors.

Michael Lewis bursts onto the screen with smiles and hellos – bubbly, friendly, with a passionate, infectious enthusiasm that seeps out on the page, but is even more palpable in person (well, by video call). He gushes about London, how much it has changed since the seven-year period in the 1980s when he studied at the London School of Economics and then sold bonds at Salomon Brothers’ UK headquarters.

Michael Burry may have been lionised in the movie and book The Big Short, but in person, he’s more of a pussycat. That’s according to Michael Lewis, the author who wrote about Burry’s multi-billion-dollar bet against the US housing market in the 2010 book.

Author Michael Lewis is being coy about his next project.

Decentralized finance (DeFi) has the opportunity to democratize access to financial markets that have typically only been open to the rich and powerful. But, DeFi will only survive and continue to grow if we take steps to ensure things are safe, private and fair for both retail and institutional investors. When faced with predatory market behaviors such as miner extractable value (MEV) and front-running attacks it opens up old wounds to a “Flash Boys” era of traditional finance. 

“Flash Boys”-like trading manipulation is becoming prevalent in the young cryptocurrency market and is estimated in the billions of dollars, per the new study conducted by researchers at Cornell Tech and other universities. Four of the five major cryptocurrencies plunged this week on news of the report, including Bitcoin, Ethereum, Litecoin and Ripple, when it was detailed in a story in Bloomberg.