This podcast episode explores the rise and fall of Sam Bankman-Fried and his crypto empire, FTX. At first, Bankman-Fried was hailed as a savior of the crypto industry during the 2022 market turmoil. However, revelations about his businesses' close ties and questionable financial practices led to concerns that would eventually spark FTX's collapse. The episode details the events leading up to the collapse, the massive hole discovered in FTX's finances, and the aftermath, including Bankman-Fried's apology, resignation, and the appointment of a new CEO.
