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Sam Bankman-Fried and the fall of a crypto empire
Planet Money
The JP Morgan of Cryptocurrency
Sam Bankman-Fried was worth $16 billion on paper a couple of weeks ago. He got this reputation as a modern-day Jay Pierpont Morgan, like the guy who's going to come in in the middle of a disaster and save everybody. Last week our friend Nick Baker, editor at CoinDesk, logs on one morning and sees a message Form his reporter, Ian Allison in Scotland. "How fast was his fall? Never seen anything like it. It's nuts"
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