FTX founder Sam Bankman-Fried (C) handcuffed and escorted by law enforcement at a Nassau, Bahamas court
AFP

KEY POINTS

  • Michael Lewis reportedly started interviewing Sam Bankman-Fried over six months ago, long before the FTX collapse
  • Lewis' publishing agency was reportedly pitching Bankman-Fried's story to potential film rights buyers
  • Lewis' agency said the FTX owner's downfall "provided a dramatic surprise ending to the story"

Disgraced cryptocurrency tycoon Sam Bankman-Fried may be looking to make his story a blockbuster film as he reportedly met with Michael Lewis, the best-selling author of "The Big Short" and "Moneyball," while under house arrest.

Unnamed sources familiar with the matter told the New York Post that Lewis visited Bankman-Fried at his Palo Alto, California, residence, and spent several hours there Friday.

Lewis — whose books were turned into blockbuster films — and the FTX owner are said to have been communicating for more than six months, as the author plans to make Bankman-Fried the subject of his new book.

The Ankler reported in November that Lewis' publishing agency was pitching the book on Bankman-Fried to potential film rights buyers.

In a letter obtained by the entertainment newsletter, the agency touted the once-billionaire's early success on Wall Street and his crypto empire that led Bankman-Fried to become one of the richest people in the world in a short period of time.

"His childhood, early success on Wall Street, embrace of effective altruism and the creation of a crypto empire that catapulted him in record time into the ranks of the richest people in the world seemed more than sufficient for a signature Michael Lewis book," the letter stated.

Lewis' agency noted that Bankman-Fried's downfall "provided a dramatic surprise ending to the story."

Last month, Deadline reported that Apple was nearing a deal for the book rights to Lewis' story about Bankman-Fried.

The beleaguered crypto boss was placed under house arrest after posting a record bail of $250 million last week.

A New York Federal Court ordered Bankman-Fried to be detained at his parents' home in California as he awaits trial on charges of financial fraud and money laundering.

Since his arrival at their Palo Alto home, Bankman-Fried's parents, who are both law professors at Stanford University, have hosted several gatherings at the residence, unnamed sources told the Post.

The family bolstered security around the property by hiring private armed guards and installing cameras.

The campus security of the nearby Stanford University is also monitoring Bankman-Fried's home.

In the latest development to Bankman-Fried's legal saga, Judge Ronnie Abrams of the Southern District of New York recused herself after learning that her husband's law firm, Davis Polk and Wardwell, advised the bankrupt cryptocurrency exchange in 2021.

Bankman-Fried's case would now be handled by District Judge Lewis Kaplan, who is currently overseeing the two civil suits against former President Donald Trump.

97737512
Michael Lewis, the author of "Big Short" Getty