Plain English with Derek Thompson cover image

A Crypto Catastrophe: The Stunning Fall of FTX—and What Comes Next

Plain English with Derek Thompson

00:00

The Rise and Fall of Sam Bankman-Fried

This chapter explores the dramatic trajectory of cryptocurrency figure Sam Bankman-Fried, detailing his initial acclaim and subsequent downfall amid fraud allegations. A finance journalist joins to unpack the complex persona that garnered trust from many and reflect on the catastrophic collapse of his empire, FTX. The discussion also highlights the inherent risks in financial storytelling and the critical need for scrutiny in the cryptocurrency space.

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