S1: Tales From The Crypto: The Rise and Fall of FTX Trailer

Tales From The Crypto: The Rise and Fall of FTX

Audio Up Inc.

Government, Investing, Business

4.2 • 1.4K Ratings

🗓️ 28 September 2023

⏱️ 1 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Anthony Scaramucci and Sam Bankman-Fried were the unlikeliest of business partners. “The Mooch” is a nearly sixty-year-old son of a Long Island crane operator who sprung from Harvard Law to fight his way up the ranks of traditional finance with an infamous eleven-day stint in the White House along the way. “SBF” is a newly-thirty-year-old son of two law professors raised on an elite campus who aimed to revolutionize all that people like the Mooch represented and he’d already become a multi-billionaire on the way. But partner they did – on a series of conferences and with SBF closing a deal that could have led to his owning the Mooch’s Skybridge Partners outright - but they became something more than that and before the story ends with SBF in handcuffs, their friendship would take them everywhere from the Bahamas to Riyadh – with rumors of polycules, plentiful cups of noodles, and the Mooch toting a bag of suits he bought SBF out of instance that he could not meet the rules of Saudi Arabia in a worn out t-shirt and dirty white socks.

Transcript

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0:00.0	Welcome to Tales from the Crypto, your source for scandal.
0:05.4	Intrigue and crime within the world of cryptocurrency.
0:08.1	Season 1, the rise and fall of Sam Beckman-Freed in FTX.
0:12.0	I thought Sam was the Mark Zuckerberg of crypto, I didn't realize he was the Bernie made
0:16.8	off of crypto.
0:17.8	With Anthony Scaramucci who wrote shotgun with Beckman-Freed into the whole thing came crashing
0:22.5	down.
0:23.5	The review does an up-and-coming change while FTX is doing something right.
0:27.9	Sam Beckman-Freed was their typical superstar founder.
0:32.7	When you look at the classic Bernie made-off story, there is no real business.
0:37.3	There, the whole thing, as I understand it, I think was just one big Ponzi scheme, right?
0:43.8	FTX, that was a real business.
0:45.7	I'm not going to revise history.
0:48.4	I liked Sam.
0:49.4	I thought Sam was a visionary.
0:51.0	In what Sam are calling an existential threat to the crypto industry, FTX, the world's
0:55.4	second-largest cryptocurrency exchange has filed for Chapter 11 bankruptcy.
1:01.0	Tales from the crypto, the rise and fall of Sam Beckman-Freed in FTX.
1:06.2	Only from audio up, listen on Apple Podcasts, Spotify, and everywhere else you get your
1:11.5	audio entertainment.

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