📢 The ProPicks AI strategy to watch when Tech rally slows down. It did 2X the S&P in July!Unlock AI Insight

Cardano Founder Slams New Book on FTX Crash as “Apology Tour” for SBF

Published 2023-10-09, 06:45 a/m
Cardano Founder Slams New Book on FTX Crash as “Apology Tour” for SBF
ADA/USD
-

U.Today - Founder of Cardano, mathematician and billionaire , has taken to the X social media platform to share his take on the recently released book on the scandalous collapse of the FTX crypto giant in November last year.

The book is called "Going Infinite," and it was written by Michael Lewis, the author of "The Big Short" bestseller, which provided the basis for the 2015 movie starring Brad Pitt, Christian Bale and Steve Carrel.

Cardano founder slams the book and SBF

Hoskinson published an X post, in which he referred to the new book by Michael Lewis as a "dumpster fire." The crypto billionaire assumed, perhaps half sarcastically, that an influential group of people within elite circles exists that "desperately want to somehow get a public exoneration for SBF" — FTX founder Sam Bankman-Fried.

Hoskinson also reminded followers that the New York articles treated the guilty CEO gently and softly ("kid-glove treatment," Hoskinson called it) and now, he says, Michael Lewis, the writer of bestsellers based on true stories, has basically created a book which is nothing but "an apology tour" for SBF.

The Cardano creator called Bankman-Fried "the Bernie Madoff" of his generation, indignant at the fact that SBF is getting "a free pass by the media." "It really does show you how profoundly corrupt things have become especially if you have the right friends," Hoskinson concludes.

"Black Swan" author criticizes SBF and the book

This weekend, the renowned author of such bestsellers as "Black Swan," "Skin in the Game" and "Antifragile," Nassim Nicholas Taleb also over his quote in the aforementioned Michael Lewis book, in which SBF criticized Shakespeare.

SBF stated that Shakespeare could hardly be the world's greatest writer since only a small amount of people back then (compared to now) was literate in Europe. The U.S. did not exist yet as a country then. Taleb stated that "the problem with pple like SBF is knowing a tiny bit of statistics to parrot abt it, but not understanding processes (that is, dynamics across time)." Taleb also made a point of reminding the community (and SBF, if he were reading it, perhaps) that "Shakespeare has survived nearly half a millennium of filtering by time."

This article was originally published on U.Today

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.