#303 — The Fall of Sam Bankman-Fried

Making Sense with Sam Harris

Waking Up with Sam Harris

Samharris, Currentevents, Politics, Ethics, Religion, Neuroscience, Science, Society & Culture, Philosophy

4.6 • 29.1K Ratings

🗓️ 15 November 2022

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

To gain access to ALL full-length episodes, you'll need to subscribe. If you’re already subscribed and on the private RSS feed, the podcast logo should appear RED. If the Making Sense podcast logo in your player is BLACK, you can SUBSCRIBE to gain access to all full-length episodes at samharris.org/subscribe.

Sam Harris discusses the recent Sam Bankman-Fried fiasco, the collapse of FTX, and the future of Effective Altruism.

Learning how to train your mind is the single greatest investment you can make in life. That’s why Sam Harris created the Waking Up app. From rational mindfulness practice to lessons on some of life’s most important topics, join Sam as he demystifies the practice of meditation and explores the theory behind it.

If the Making Sense podcast logo in your player is BLACK, you can SUBSCRIBE to gain access to all full-length episodes at samharris.org/subscribe.

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to the Making Sense podcast.
0:24.2	This is Sam Harris.
0:26.0	Okay, well, I want to say something about the Sam Bankman-Freeze Fiasco.
0:33.0	As many of you know, I spoke to Sam once on the podcast.
0:36.7	We also put that conversation on the waking up app.
0:39.2	We've since removed it from the app because it really no longer belongs there, given what
0:44.7	happened.
0:45.7	But it's still on the podcast.
0:47.6	It's episode 271.
0:49.8	So you can find it there if you're interested.
0:52.8	I'm not going to give a full account of what Bankman-Freeze did to destroy his reputation
0:58.8	and his wealth and the wealth of many investors and customers.
1:03.5	It seems in record time.
1:06.2	Many details are still coming in.
1:08.0	And this is all being very well covered by the press with Shadon Freude and cynicism
1:14.2	to spare.
1:15.2	And that's a point I will return to.
1:19.0	But briefly, Bankman-Freeze had made tens of billions of dollars trading cryptocurrency.
1:26.6	And he had built one of the world's largest crypto exchanges, FTX, along with his own investment
1:34.3	entity called Alameda Research.
1:38.0	And the connection between FTX and Alameda was always unclear.
1:43.2	And this seems to have been in retrospect something that investors and the business press
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Waking Up with Sam Harris, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Waking Up with Sam Harris and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.