IMPLOSION IS EVEN BETTER

Summary from the TLDR newsletter

FTX's founder, Sam Bankman-Fried, is the focus of several charges leveled by federal prosecutors. These include money laundering, bribery, and orchestrating a fraudulent scheme that resulted in the multibillion-dollar misappropriation of customer money. Bankman-Fried has pleaded not guilty. Michael Lewis was originally planning to just check out Bankman-Fried as a favor to his friend in the fall of 2021, but he ended up receiving a front-row seat to the scandal. His book about Bankman-Fried is set to be released on October 3.