Multinational technology company Apple has bought the rights to the book written by author Michael Lewis on Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, the book titled “Going Infinite: The Rise and Fall of a New Tycoon”. Apple has bought rights for $5 million in a bidding process. According to the information, this book will be released on October 3. Let us tell you that the first trial of Sam Bankman-Fried is going to start in New York in October.
The rise and fall of cryptocurrency exchange FTX seems to be an interesting story. In a short span of time hee exchange earned worldwide fame and became the second-largest cryptocurrency exchange. The name that FTX earned in a short time was due to its CEO and co-founder Sam Bankman-Fried. But suddenly one day news related to the collapse of this exchange started coming. After which there was a stir in the crypto market. After investigation, the full report revealed that Sam Bankman-Fried was behind this entire mess.
It was the time when Sam Bankman-Fried was included in the list of the world's billionaires, and now he is currently behind the four walls of the jail. Whether operating FTX from a luxury penthouse in the Bahamas or building it into the world's second-largest crypto exchange, it was all Sam Bankman-Fried's vision. The story of SBF was so interesting that they first got people to trust their exchange and later transferred billions of dollars of assets to Alameda Research. After this many allegations were made against him like fraud, wire fraud, and crypto fraud. After a lot of arguments, Sam Bankman-Fried, who was once under house arrest in his parents' house, will now remain in jail until his two trials are completed.