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Former FTX Founder and CEO Considered Paying Trump to Pull Out of Presidential Race


New disclosures are made about Sam Bankman-Fried, the disgraced former FTX founder and CEO. In a 60-minute interview, Michael Lewis, who currently documents the “rise and fall” of SBF (Sam Bankman-Fried), disclosed that SBF previously thought about giving Donald Trump $5 billion to withdraw from the US presidential race.

READ ALSO:How to Make Money with Your Smartphone

One of the charges against the disgraced founder and CEO of FTX, Bankman-Fried, was making astronomical political donations to Republicans and Democrats.

Currently, Bankman-Fried is jailed and facing multiple federal charges, and at a particular period, he was a notable donor to both Republicans and Democrats.

Fast Facts

  • During his 60-minute interview, which was aired yesterday, October 1, regarding his new book “Going Infinite: The Rise and Fall of a New Tycoon” centered on SBF, Lewis made a revelation.
  • Michael Lewis, the author of “Flash Boys” and “The Big Short” disclosures, looked into whether he could pay Trump for not running for the United States presidency in 2024.
  • However, according to Lewis, Bankman-Fried considered the legality of making such payment. Also, SBF couldn’t confirm whether the number where he was supposed to make the payment belongs to Trump.
  • It was during his contemplations that FTX went bankrupt, and SBF doesn’t have that kind of money again to squander.
  • Bankman-Fried’s reason for trying to pay Trump up to $5 billion to pull out of the presidential race was because he views Trump as someone who wants to undermine democracy in the US.
  • In his opinion, Trump is one of the existential risks in the United States political system.
  • Meanwhile, there has yet to be any action or reaction from the legal team of Sam Bankman-Fried regarding this latest disclosure.

 What’s Happening In Crypto Today?

At the time of this writing, Bitcoin is trading at $28,292.54, with a slight increase in market cap by 4.08% and a higher increase in trading volume by 137.08%.

On the side of Ethereum, its current price is at $1,729.81, with a little rise in market cap by 2.65% and a higher rise in trading volume by 96.98%.

  • Currently, USD Coin is selling at $1.00, with a slight rise in market cap by 0.61% and a higher increase in trading volume by 97.36%.
  • The price of Solana right now is at $24.07, with an increase in market cap by 4.70% and a higher increase in trading volume by 27.27%.
  • On the other hand, Cardano now sells at $0.2676, with a little increase in market cap by 2.61% and an increase in trading volume by 43.36%.
  • Dogecoin is selling at $0.06363, with a small rise in market cap by 1.47% and an increase in trading volume by 61.01%.













































































































































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