TechFlow News, according to The Block, Michael Lewis, 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 entire national debt of approximately US$10 billion. Lewis claimed 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 place of registration because the country has implemented regulations that can legalize the crypto industry. SBF has developed a plan to repay the Bahamian national debt, thereby improving the country's infrastructure and providing a more attractive working and living environment for FTX employees. The book states that the idea was discussed in a meeting with Bahamian Prime Minister Philip Davis.
In addition, SBF had planned to apply for a $1 billion loan from Morgan Stanley to invest in Musk's acquisition of Twitter, and planned to use FTT tokens as collateral. Lewis said Musk had sought help from SBF to raise $44 billion for the deal. SBF suggested to former FTX executives Nishad Singh and Ramnik Arora that they should invest $250 million to $1 billion in Twitter, but was opposed by the two executives. However, SBF ignored their advice and asked Morgan Stanley if it was willing to lend him $1 billion to invest in Twitter with FTT as collateral.
