2min chapter

Planet Money cover image

Sam Bankman-Fried and the fall of a crypto empire

Planet Money

CHAPTER

How Did Sam Bankman Free Crypto?

Bankman's companies filed for bankruptcy on Friday, just over a week after coin desks big scoop. How did Sam Bankman get to a point where his empire was resting on all these flimsy internet money cards? Even Sam has said publicly he's still piecing it together. But there are a few stories you can tell that could explain his downfall.

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