
#345 – Coffeezilla: SBF, FTX, Fraud, Scams, Fake Gurus, Money, Fame, and Power
Lex Fridman Podcast
The Rise and Fall of FTX
This chapter explores the life of Sam Bankman-Fried, tracing his journey from a promising trader to the founder of FTX, a leading cryptocurrency exchange. It discusses the intricate interplay between high-risk trading strategies, the collapse of major players like Three Arrows Capital, and the deceptive assurances given about customer asset safety. The discussion culminates in critical reflections on accountability and ethical practices within the crypto industry, particularly in light of a significant financial shortfall linked to FTX.
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