Exploring the complex narrative surrounding Bagman Freed's trial and strategic maneuvers amidst allegations of securities fraud, bribery, and campaign finance violations. The chapter delves into the journalist's interactions with Bankman Freed, founder of FTX, revealing his philosophy of effective altruism and contrasting behaviors. Reflecting on the potential outcomes of the Ponzi scheme and analyzing the collapse in relation to crypto prices and strategic decisions.
Sam Bankman-Fried is heading to prison for 25 years. Bitcoin is nearing an all-time high. What even is crypto anymore?
Zeke Faux is the author of “Number Go Up: Inside Crypto’s Wild Rise and Staggering Fall.” He returns to Motley Fool Money to join Ricky Mulvey for a conversation about:
- FTX’s inevitable decline.
- The resurgence of meme coins, and smaller stories in the crypto space.
- The side effects of creating cryptocurrencies.
Tickers discussed: BTC, META, DOGE, TSCO, GME, AMC, USDT, SLP, WIF
Host: Ricky Mulvey
Guest: Zeke Faux
Producer: Mary Long
Engineer: Rick Engdahl
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