4 min listen
The Naked Emperor Episode 2: The Beginning of the End
FromUnderstood
ratings:
Length:
35 minutes
Released:
Mar 20, 2023
Format:
Podcast episode
Description
We return to the beginning of Sam Bankman-Fried’s lucrative foray into crypto and ask: how did it all fall apart?
Sam Bankman-Fried rose to the top of the crypto world with help from his friends. Gary Wang was a former fellow math-camper and brilliant programmer; Caroline Ellison was a former colleague at an elite Wall Street firm and an avid LARPer on the side.
While still in their twenties, they were entrusted with billions of dollars of customer and investor funds. But in retrospect there were signs that maybe their enormous fortunes weren't created simply through their supposed technological and financial genius.
Sam Bankman-Fried rose to the top of the crypto world with help from his friends. Gary Wang was a former fellow math-camper and brilliant programmer; Caroline Ellison was a former colleague at an elite Wall Street firm and an avid LARPer on the side.
While still in their twenties, they were entrusted with billions of dollars of customer and investor funds. But in retrospect there were signs that maybe their enormous fortunes weren't created simply through their supposed technological and financial genius.
Released:
Mar 20, 2023
Format:
Podcast episode
Titles in the series (14)
Introducing: The Naked Emperor: In The Naked Emperor journalist Jacob Silverman explains how Sam Bankman-Fried built and destroyed FTX, a multi-billion dollar crypto currency empire. Who helped? Who was hurt? And will anything change following one of the most stunning financial collapses in modern history? Four episodes released weekly starting March 13. by Understood