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Against the Rules with Michael Lewis
Listen Now: Spellcaster - The Fall of Sam Bankman-Fried
Oct 19, 2023
Dive into the world of crypto as you explore the rise and fall of Sam Bankman-Fried, a once-celebrated entrepreneur turned pariah. Discover the glamorous Crypto Bahamas conference, where serious issues lurked beneath flashy celebrity encounters. Unravel how Sam's initial good intentions spiraled into chaos, leading to questions about his true character. Learn about the intricacies of financial decision-making and the impact of policy changes on personal wealth in this gripping tale of wealth, betrayal, and unexpected consequences.
08:31
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Quick takeaways
- Sam Bankman-Fried's rise to fame as a billionaire and philanthropist masked the underlying issues and trouble brewing behind his FTX empire.
- The collapse of FTX and the disappearance of billions of dollars shed light on the true state of Sam Bankman-Fried's financial empire, leaving investors and regulators questioning his intentions and credibility.
Deep dives
The Rise of Sam Bankman-Freed
Sam Bankman-Freed, co-founder and CEO of FTX, emerged as a billionaire and influential figure in the crypto world. His achievements and philanthropic aspirations captivated audiences. Worth $26 billion, he promised to give away his wealth and make a global impact for good.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode