Economist Podcasts
The Intelligence: Sam Bankman-Fried convicted
Nov 3, 2023
Alice Fullwood, a Wall Street correspondent for The Economist, and Sasha Nauter, the social affairs editor, dissect the dramatic fall of Sam Bankman-Fried, convicted of fraud and its ripple effect on the cryptocurrency market. They also explore the evolution of IVF treatment, shedding light on accessibility issues many face. Lastly, the discussion turns to the shifting nuances of Southern accents, revealing how generational change is shaping linguistic identities in America’s South.
28:49
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- The conviction of Sam Bankman-Fried has damaged the credibility of the cryptocurrency industry.
- Access to IVF treatment remains a major issue due to high costs, but efforts are being made to improve accessibility.
Deep dives
Cryptocurrency exchange FTX founder convicted of fraud
Sam Bankman Fried, the co-founder of cryptocurrency exchange FTX, has been convicted on seven charges of fraud and conspiracy. Once seen as a boy genius in the industry, Bankman Fried's trial revealed evidence of financial fraud and corruption. The failure of FTX, which left an $8 billion hole, also dealt a blow to the credibility of the entire cryptocurrency industry. The speedy conviction of Bankman Fried, which took the jury just over four hours to decide, demonstrates the overwhelming evidence against him. He faces a maximum sentence of 110 years.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
