“In the fine print of the employee Serum contract, he’d reserved for himself the right to extend Serum’s jail time, and he used it to lock up all employees’ Serum for seven years,” Lewis wrote. “They now understood that if he had changed the rules once, he might do it again. They became less enthusiastic about their Serum.”
Home > News > Bitcoin News > When SRM Shot Up in Value, Sam Bankman-Fried Changed the Rules for His Workers, Michael Lewis Says