3min chapter

Planet Money cover image

Sam Bankman-Fried and the fall of a crypto empire

Planet Money

CHAPTER

FTX - Sam's Bringing Crypto to the World

The founder of FTX, Sam Drexler, wanted to make billions for good. He created an exchange that let traders trade in crypto futures and more complicated derivatives. The move brought institutional money into the space; he was on Capitol Hill testifying about regulation.

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