
Sam Bankman-Fried and the fall of a crypto empire
Planet Money
The Rise of a Crypto Visionary
This chapter details the journey of a key figure in cryptocurrency, highlighting the inefficiencies of the market in 2017 and the strategic decisions behind founding Alameda Research. It explores the challenges of executing arbitrage while navigating skepticism and regulatory concerns, as well as the shift towards ethical practices and philanthropy. The narrative culminates in the establishment of FTX, a pioneering exchange aimed at bridging traditional finance with the crypto world.
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