"The Big Short" Author: SBF once planned to apply for a $1 billion loan from Morgan Stanley to participate in Musk's acquisition of Twitter

ChainCatcher news, according to The Block, Michael Lewis, the author of "The Big Short," revealed in his new book "Going Infinite" that SBF met with the Prime Minister of the Bahamas to discuss repaying the country's total national debt of about $10 billion.

Lewis claims that FTX moved its headquarters from Hong Kong to the Bahamas in 2021, partly due to the Chinese government's crackdown on cryptocurrencies. SBF chose the Bahamas as its registration location because the country implemented regulations that could legalize the crypto industry. SBF devised a plan to repay the Bahamas' national debt, thereby improving the country's infrastructure and providing a more attractive work and living environment for FTX employees. The book states that this idea was discussed during a meeting with Bahamian Prime Minister Philip Davis.

Additionally, SBF had planned to apply for a $1 billion loan from Morgan Stanley to invest in Musk's acquisition of Twitter and intended to use FTT tokens as collateral. Lewis stated that Musk sought SBF's help to raise $44 billion for the deal. SBF suggested to former FTX executives Nishad Singh and Ramnik Arora that they should invest between $250 million and $1 billion in Twitter, but both executives opposed the idea. However, SBF ignored their advice and asked Morgan Stanley if they would be willing to lend him $1 billion to invest in Twitter using FTT as collateral.