Sam Bankman-Fried almost paid $5 billion to prevent Donald Trump from running again

As Sam Bankman-Fried’s trial will soon begin, we learn that the former CEO of FTX would have considered paying $5 billion to Donald Trump to prevent him from running in the 2024 elections. According to him, the former president of the United States poses a danger to democracy.

Sam Bankman-Fried vs. Donald Trump

We mentioned it in our columns last May, Michael Lewis, the author of the best-seller “The Big Short”, will release a book on the rise and fall of Sam Bankman-Fried, as well as his FTX empire. The work will be released tomorrow, Tuesday October 3, and the choice of this date is not trivial, since it is also tomorrow that the long-awaited trial of Sam Bankman-Fried will begin.

On this occasion, Michael Lewis revealed during an interview with the show 60 Minutes that the former CEO of FTX, who became known for his ability to spend millions of dollars to encourage certain political candidates, even considered spending $5 billion to prevent Donald Trump from running in the 2024 presidential elections.

“This only shocks you if you don’t know Sam. Sam thought we could pay Donald Trump not to run for president […] And to see how much it could cost. The figure circulating was $5 billion. »

However, this never came to fruition. these hypotheses having been mentioned shortly before the collapse of FTX. According to Michael Lewis, Sam Bankman-Fried believed that former President Donald Trump “ is part of the list of existential risks » for the United States and that it constitutes a danger for democracy.

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Naturally, Sam Bankman-Fried not having such a sum (he declared that he only had $100,000 in his account after the FTX explosion), it would have been necessary to add these 5 billion dollars to the sum already embezzled from the former clients of the exchange.

SBF was no stranger to political donations: for the 2022 midterm elections alone, he had paid 40 million dollars to encourage candidacies from different members of the Democratic Party.

Sam Bankman-Fried’s trial begins tomorrow and is expected to last until November 9. According to the latest information, the former CEO of FTX is expected to face former customers of the platform who lost all their savings during its collapse.

👉 On the same subject – FTX: the hacker begins transferring millions of dollars after almost a year of inactivity

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Source : Business Insider

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