FTX story on screen

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The $32 billion FTX implosion is already on the Hollywood fast track. Nonfiction superstar author Michael Lewis, who is famous for writing The Big Short and Moneyball, has reportedly been embedded with the bankrupt crypto exchange’s former CEO Sam Bankman-Fried for six months and will pen a book telling the inside story.

News of Lewis’s next book was revealed by a CAA agent in an email to potential buyers of the movie rights. “The story has become too big for us to wait,” the email said. Lewis hasn’t written anything yet, but given recent events, you have to imagine he has a few ideas for sentences. According to the email, the author plans to focus on the rivalry between SBF and Binance CEO Changpeng Zhao (CZ), whom he likens to the “Luke Skywalker and Darth Vader of crypto.”

Lewis has a knack for telling stories about industry shifts using eccentric characters. SBF, a 30-year-old (former) crypto billionaire who once implied he would donate $1 billion to political races, claimed he was “skeptical of books,” and had dreams of buying Goldman Sachs, certainly fits the mold.

Further reading: In our interview with Lewis back in February, the author referred to the excesses of the crypto industry as “almost performing a satire” of capitalist systems. Read the full interview here.—MK


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