David – Cryptocurrency Enthusiast
Sam "SBF" Bankman-Fried, the former CEO of the cryptocurrency powerhouse FTX, once contemplated offering a staggering $5 billion to Donald Trump as an incentive not to pursue the U.S. presidency. This startling revelation came to light in a recent interview with Michael Lewis, author of "Going Infinite: The Rise and Fall of a New Tycoon."
During his conversation on the Oct. 1 episode of 60 Minutes, Lewis delved deeper into the intricate dynamics of the cryptocurrency investment world and the audacious personality of Bankman-Fried. He remarked, "The very idea of SBF contemplating such an offer is only surprising to those unfamiliar with him," emphasizing Sam's unconventional thought process, which Lewis termed as, "How much would be required to dissuade Donald Trump from running?"
Michael Lewis further elaborated, hinting that the figure – $5 billion – was possibly mooted by Trump himself. However, the real challenge for SBF wasn't just about amassing the funds. Lewis noted that Bankman-Fried was rigorously exploring the legal ramifications of such an unprecedented move. The plan ultimately unraveled when FTX faced its own tumult, causing Bankman-Fried's fortune to dwindle.
According to Lewis, the underlying motivation behind SBF's bold consideration was his perception of Trump as a potential threat to U.S. democracy. SBF viewed Trump as an "existential risk".
The author's relationship with Bankman-Fried evolved during his extensive research for the book, which included over 70 days spent in the Bahamas with the crypto magnate throughout 2022. Their bond became so close that Lewis shared, "I had access to virtually every nook and corner of his abode, from spare bedrooms to the luxurious penthouse."
The unfortunate collapse of FTX in November 2022 has led to one of the most anticipated legal proceedings in recent memory. The trial against Bankman-Fried, commencing with jury selection on Oct. 3, is set to address seven accusations of fraud. Of these, two are substantive charges, while the remaining five focus on conspiracy allegations.
For those diving into the world of cryptocurrency, such high-stakes stories underscore the importance of crypto portfolio management, and the need to engage with secure and legal cryptocurrency platforms. Whether you aim to buy cryptocurrency, trade crypto, or invest in trusted Bitcoin platforms, staying informed and cautious is imperative.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards