The Chinese version of the book "Infinite Storm: Symphony of the Rise and Fall of the FTX Empire", which focuses on Sam Bankman-Fried (SBF), the founder of the cryptocurrency exchange FTX, was launched today (1st). The book is published by "The Big Short", " Written by Michael Lewis, the author of best-selling books such as "Moneyball" and "Scam", it tells the story of the rapid rise and decline of FTX, as well as the author's first-hand observation of SBF.
Shen Yuncong, publisher of the Chinese version of "Infinite Storm", "Good Morning Finance Culture" shared his reading experience in an article. He mentioned that the FTX bankruptcy incident happened at the end of author Lewis's months-long interview with SBF. As he prepared to write, Lewis also witnessed the chaotic process of FTX's collapse. In addition, in the book "Infinite Storm", the author also tells the story about FTX starting from a Taiwanese girl.
Source: Good Morning Finance
FTX's collapse in November 2022 resulted in $8 billion in customer losses, and founder SBF was found guilty of seven counts of fraud, conspiracy and money laundering in the fall of 2023. Ultimately, a U.S. judge sentenced SBF to 25 years in prison in March this year. On the FTX side, the bankruptcy reorganization team has submitted a reorganization plan to the court, and it is expected that 98% of creditors will receive 118% of their claims within 60 days of the plan taking effect.
Related articles: "FTX bankruptcy record, 3 major processes to see FTX from prosperity to bankruptcy and decline at once" "FTX founder SBF was interviewed for the first time after being sentenced, saying that he was "bothered by what he lost every day"" "FTX submitted a restructuring plan , 98% of creditors will receive 118% of their claims within 60 days after taking effect"
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