Emily Parker is CoinDesk's executive director of global content. She was member of the State Department's Policy Planning Staff, a writer/editor at The Wall Street Journal and editor at New York Times. She is author of 'Now I Know Who my Comrades Are: Voices from the Internet Underground' (FSG). She speaks Chinese, Japanese, French and Spanish.
Many crypto insiders hate Sam Bankman-Fried. Now, they have turned their wrath on the author Michael Lewis, who on 60 minutes“If no one had ever cast aspersions on the business, if there hadn't been a run on customer deposits, they'd still be sitting there making tons of money,” Lewis continued, sparking an uproar on crypto Twitter.
To be fair, Lewis’s book is more nuanced than his media sound bites. He does not paint a particularly flattering picture of either FTX or its sister company Alameda Research, which was allegedly gambling away FTX customers’ money. “It was never clear where Alameda Research stopped and FTX started,” Lewis writes. He refers to a document that describes how “more than $10 billion that was meant to be custodied by FTX somehow had ended up inside Sam’s private trading fund.
But the bigger question is: Why did this all happen? Overall, Lewis does seem to view Sam as an agent of chaos rather than someone with criminal intent, which is essentially what Sam’s defense is saying. The basic argument is that billions of dollars is a lot of money and it can be quite tedious to keep track of it all. Sam was messy, inconsiderate and a nightmare of a manager, Lewis seems to believe, but not a thief. . She speaks Chinese, Japanese, French and Spanish.
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