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4min chapter
Sam Bankman-Fried and the fall of a crypto empire
Planet Money
How to Make Money in Japan With Bitcoin Arbitrage
Nick Bostrom: Sam saw an opportunity in Japan, next he saw a market in respectability. He was making 10% per day on hundreds of millions of dollars of Bitcoin. Nick says part of Sam's whole thing, his lore, is that he was not just your average crypto millionaire spending his money on yachts and mansions. The story he told was he was amassing a fortune in order to give it away.
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