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Hunting Warhead

Hunting Warhead Introduces: The Naked Emperor

Hunting Warhead

CBC

True Crime

4.93.9K Ratings

🗓️ 20 March 2023

⏱️ 36 minutes

🧾️ Download transcript

Summary

Sam Bankman-Fried wasn't like other crypto moguls: he drove a Toyota Corolla, he was an advocate for government regulation, he said he would give billions away to charity. That is, until he lost it all in what has been called “one of history’s greatest-ever destructions of wealth.” Sam Bankman-Fried, aka SBF, had an empire. His cryptocurrency exchange, FTX, and hedge fund, Alameda Research, together were worth billions. Celebrities sang his praises, and politicians took his donations. Then, it all collapsed – almost overnight. There were millions of FTX customers. Now, they don’t know where their money is. Host of The Naked Emperor, Jacob Silverman, co-author of a forthcoming book about crypto and fraud, takes a closer look at the hype around SBF and FTX, and how it only grew, even as other crypto companies crashed around them. How powerful was Sam Bankman-Fried? And how did he initially manage to hang on, to thrive even, as other giants tumbled towards bankruptcy? More episodes are available at: https://link.chtbl.com/G5Urmmqp

Transcript

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0:00.0

Alright kid, you ready for an adventure?

0:02.8

The Mandalorian Season 3.

0:05.6

I heard you were back.

0:07.8

All episodes.

0:08.8

Now streaming.

0:09.8

This is a warning.

0:10.8

I guess we're going for a ride.

0:13.8

All episodes now streaming exclusively on Disney Plus.

0:16.8

This is the way.

0:17.8

18 Plus subscription required, TizenC's apply.

0:21.8

This is a CBC podcast.

0:28.6

Hi there.

0:29.6

I'm Jacob Silverman, journalist and host of the brand new 4-part podcast series, The

0:35.4

Naked Emperor, about the stratospheric rise and spectacular fall of Sam Bankman Freed.

0:43.0

Sam Bankman Freed was at the top of the game.

0:45.5

He was a billionaire by the time he turned 30 and the trusted face of crypto with his trading

0:51.3

platform FTX.

0:53.6

The FTX logo was on the Miami Heat Serena and the uniforms of Major League Baseball

0:59.2

Umpires.

1:00.9

Despite his dorm room lifestyle, he charmed celebrities, politicians and Silicon Valley.

1:07.6

That is, until it all came crashing down.

1:11.3

Today, Sam faces charges that could send him to prison for the rest of his life.

...

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