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    Episode 3: The Wild East

    Episode 3: The Wild East

    FromCrypto Kingpins

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    Episode 3: The Wild East

    FromCrypto Kingpins

    ratings:
    Length:
    27 minutes
    Released:
    Sep 26, 2023
    Format:
    Podcast episode

    Description

    Sam moves Alameda Research’s headquarters from Berkeley to Hong Kong to take advantage of the unregulated crypto market there. Caroline comes along for the ride, struggling to manage the stress of he r new job. Sam pitches investors on a new idea: a crypto exchange called FTX that will offer all kinds of risky crypto products. After all, why bet in the casino when you can own it?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
    Released:
    Sep 26, 2023
    Format:
    Podcast episode

    Titles in the series (10)

    Once upon a time, there were two titans of the crypto industry: Sam Bankman-Fried, the child of Stanford professors and founder of FTX, and Changpeng Zhao, the nomadic founder of Binance. The pair were the faces of crypto, generating billion-dollar fortunes comparable to the likes of Elon Musk and Bill Gates. That is, until their rivalry threatened to burn the entire industry to the ground.For years, the pair had waged a cold war as Sam fought to unseat Zhao, or CZ, and dominate the industry. Then, last year, CZ fired a warning shot: one that would send FTX into a downward spiral, and reveal what prosecutors describe as a staggering $8bn fraud at the heart of Sam’s empire. Now, as Sam potentially faces decades in prison, journalist Tom Wright has been investigating the hidden origins of his feud with CZ – starting with a key witness: CZ himself.