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We should caveat this with a few hugely important details: almost no one outside of publisher Norton or Lewis’ circle has read the book, which publishes tomorrow, coinciding with the start of Sam Bankman-Fried’s trial, where the disgraced founder is set to plead not guilty to multiple counts of fraud. It’s also forgivable that Lewis, like most reporters with direct access to SBF, missed the red flags at FTX. Bankman-Fried was a media phenomenon, a self-made billionaire who stood for capitalism done right — represented by his political donations, charitable commitments and shabby attire (even if he didn’t exactly come from rags).
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