Slate Money cover image

WTF SBF

Slate Money

00:00

FTX - The Big Story Is Here

Ray, a Schwab employee who designs digital experiences, works to provide more people with access to the financial tools and knowledge they deserve. Ray: This has been dominating my entire week, and it is a wild story. The emperor had no clothes. SBF, as he was known, ran FTX, which is a crypto exchange, but also an investing firm called Alameda. Apparently, he used money that people trusted and put on FTX.

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