TechFlow reports, citing The Block, that in his new book "Going Infinite," Michael Lewis—the author of "The Big Short"—reveals SBF once met with the Prime Minister of the Bahamas to discuss repaying approximately $10 billion of the country's national debt. Lewis claims FTX moved its headquarters from Hong Kong to the Bahamas in 2021 partly due to China's crackdown on cryptocurrency. SBF chose the Bahamas as FTX’s base because the country had implemented regulations that could legitimize the crypto industry. He devised a plan to repay the Bahamian national debt, aiming to improve the country's infrastructure and create a more attractive work and living environment for FTX employees. According to the book, this idea was discussed during a meeting with Bahamian Prime Minister Philip Davis.
Additionally, SBF planned to apply for a $1 billion loan from Morgan Stanley to invest in Elon Musk’s acquisition of Twitter, intending to use FTT tokens as collateral. Lewis states that Musk had approached SBF for help raising $44 billion for the deal. SBF proposed to former FTX executives Nishad Singh and Ramnik Arora that they invest between $250 million and $1 billion in Twitter, but both senior executives opposed the idea. Nevertheless, SBF ignored their advice and asked Morgan Stanley if it would lend him $1 billion using FTT as collateral to invest in Twitter.
