Michael Lewis' Book on FTX's Sam Bankman-Fried Raises Questions About Sympathetic Portrayal Amid Collapse
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Michael Lewis was charmed by Sam Bankman-Fried like many others, but his book raises questions about his sympathy for SBF.
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Lewis portrays SBF as messy and inconsiderate but not criminally malicious, unlike his harsher depictions of CZ and FTX's new leadership.
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The book claims an Alameda balance sheet showing its FTT reliance was trivial, but it sparked SBF's downfall by exposing FTX's fragility.
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Crypto insiders overwhelmingly trusted SBF despite blockchain's premise of removing intermediary trust, enabling vast damage.
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Lewis provides insight that one person should not have had so much power in a decentralized industry intended to prevent it.