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Crypto Exchange Platform Tried to Buy Donald Trump for $5 Billion

Mon 02 Oct 2023 ▪ 3 min of reading ▪ by Luc Jose A.
▪ Event

A New Twist in the FTX Saga! Less than 24 hours before the start of his trial, Sam Bankman-Fried, the former CEO of the crypto exchange, is once again implicated in a suspicious affair. The fallen crypto king allegedly considered preventing Donald Trump from running in the presidential elections. And SBF was reportedly willing to dig deep into his pockets to buy the American statesman, according to the latest revelations.

Donald Trump, former President of the United States

The Crypto Billionaire Wanted to Shell Out $5 Billion to Buy Donald Trump

There’s not much distance from the Capitol to the Tarpian Rock. This phrase aptly illustrates the life of Sam Bankman-Fried. The former crypto king, an American investor, lost his entire fortune following the downfall of his crypto exchange. He even became one of the most hated people in the world, according to his own statements. BBC has even chronicled the fall of the former CEO of the FTX crypto exchange in a documentary.

Known for his numerous political donations, Sam Bankman-Fried allegedly considered preventing Donald Trump from running in the presidential elections, according to Michael Lewis. In an interview on the 60 Minutes show, Michael Lewis revealed that SBF almost offered $5 billion to the American statesman for him to withdraw from the race for the White House.

“He was exploring the legality of paying Donald Trump himself not to run for president. His team had somehow created a back channel to the Trump operation and came back with the not terribly shocking news that Donald Trump could indeed have his price: $5 billion. At least, that’s what Sam told his team,” said Michael Lewis.

Michael Lewis reveals that SBF considered buying Donald Trump with $5 billion

A Threat to Democracy, According to Sam Bankman-Fried

If Sam Bankman-Fried wanted Donald Trump to withdraw from the presidential elections, it’s because he believed that Trump was among the “list of existential risks to the United States.” During his interview, Michael Lewis stated that the former crypto billionaire considered Mr. Trump a serious threat to American democracy.

Michael Lewis, the author of the bestseller “The Big Short,” will release a book tomorrow on the saga of the FTX crypto exchange. The book chronicles the collapse of the crypto exchange platform, as well as the rise and fall of its former CEO, SBF.

The much-anticipated trial of Sam Bankman-Fried will finally begin tomorrow, Tuesday, October 3, and will last until October 9. SBF faces several charges and will confront former FTX clients who were ruined after the crypto exchange’s downfall.

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Luc Jose A. avatar
Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.