In a new book, Lewis said the disgraced crypto billionaire floated the idea of paying off Trump to neutralize the 'existential' risk he posed to democracy.
The fallen crypto billionaire, who is set to stand trial over the collapse of his cryptocurrency exchange FTX, was willing to put up $5 billion to keep Trump out of the 2024 presidential race, having deemed him an “existential” threat to democracy, LewisThe journalist unpacked Bankman-Fried’s logic while promoting his new book, “Going Infinite: The Rise and Fall of a New Tycoon,” which reportedly contains an anecdote about the proposal.
According to Lewis, Bankman-Fried was unsure if such a transaction would be legal, and the tech executive was unclear if the 10-figure asking price came from Trump directly.In a further effort to thwart Trump, the FTX co-founder and then-CEO tried to partner with Senate Minority Leader Mitch McConnell to fund anti-Trump Republican candidates, Lewis said.
As a proponent of “effective altruism,” Bankman-Fried purported to believe that amassing as much wealth as possible was the most efficient way to help humanity.in 2022, according to filings with the Federal Election Commission, and though an overwhelming majority of his official donations went to Democrats, Bankman-Fried claimed he had given just as much to Republicans off the books.
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