4min chapter

Behind the Bastards cover image

How Sam Bankman-Fried Conned the Crypto World

Behind the Bastards

CHAPTER

What Sam Has Done Is a Ponzi Scheme, Right?

Sam built a place where you can keep all of your crypto and you can trade it with other crypto to try to make money the same way people do with the stock market, right? Where it is more secure. He says it's secure, but here's the thing. So that's all we had to crypto great depression. That's all you need to understand is that Sam has built a big unregulated bank for people to gamble with. I'm not a finance expert neither are you Jamie. Anyway, when Selena Gomez breaks the wall and explains it to me using a financial concepts fourth grader will be able to follow along. Or do you know who she is? She's Nailed

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