Bankman-Fried More Afraid of Losing Internet Than Jail, Says Author Lewis
-
Author Michael Lewis says Sam Bankman-Fried's biggest fear about jail is not having access to the internet. Lewis believes Bankman-Fried would choose jail with internet over no jail but no internet.
-
Bankman-Fried faces trial for fraud and conspiracy related to the collapse of his crypto exchange FTX and affiliated entities.
-
FTX collapsed after a rush of withdrawals and allegations it used customer funds to cover losses at affiliated hedge fund Alameda Research.
-
Bankman-Fried has pleaded not guilty, but four former executives have pleaded guilty and agreed to cooperate.
-
Prosecutors say Bankman-Fried misled investors, stole billions in customer funds, and attempted to tamper with witnesses.