
Plain English with Derek Thompson
A Crypto Catastrophe: The Stunning Fall of FTX—and What Comes Next
Nov 15, 2022
William D. Cohan, a veteran finance journalist and author of 'Power Failure,' dives into the shocking collapse of FTX and its founder, Sam Bankman-Fried. He discusses the essence of financial fraud and the lessons from history's biggest scandals. Cohan reflects on the media's role in idolizing CEOs and the inherent risks this poses for investors. The conversation also touches on the uncertainties facing the cryptocurrency landscape post-FTX, paralleling it with past technological disruptions. It's a cautionary tale for the future of finance.
49:22
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