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Against the Rules with Michael Lewis
Judging Sam: An FTX Victim Speaks Out
Oct 24, 2023
Jake Thacker, a tech worker from Oregon, shares his story of betting big on FTX and ending up bankrupt and uncertain about his future. Topics discussed include Jake's journey into crypto investing, the collapse of FTX, selling personal belongings to repay debts, the impact on Jake's life, and the challenges of admitting victimhood.
20:33
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Quick takeaways
- FTX collapse led to financial ruin for investors, resulting in bankruptcy and loss of personal assets.
- Lack of accountability and restitution for victims in criminal case against Sam Bankman-Fried.
Deep dives
Investing in Crypto and Choosing FTX as a Cryptocurrency Exchange
The interviewee shares that he initially dabbled in crypto as a hobby, but eventually saw the potential for larger gains. He chose FTX as a cryptocurrency exchange due to its lower transaction fees compared to other platforms like Coinbase or Binance.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode