The Man Who Was Supposed to Save Crypto

The Daily

The New York Times

Daily News, News

4.4 • 102.8K Ratings

🗓️ 18 November 2022

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

Earlier this year, much of the crypto industry imploded, taking with it billions of dollars. From that crash, one company and its charismatic founder emerged as the industry’s savior. Last week, that company collapsed. Who is Sam Bankman-Fried, how did he become the face of crypto, and why did so many believe in him? Guest: David Yaffe-Bellany, a reporter covering cryptocurrencies and fintech for The New York Times.

Transcript

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0:00.0	Hi, Daily listeners, it's Sabrina.
0:02.8	We'll start our show in just a minute.
0:05.0	But I wanted to mention that our colleagues at the show First Person recently launched their
0:09.5	second season.
0:10.5	If you miss the first season, First Person is hosted by Lulu Garcia Navarro.
0:15.2	And it's a show devoted to something we do sometimes here on the daily that I really
0:20.1	love to do.
0:21.1	And that's talking to regular people connected to the news about their beliefs, their lives,
0:25.9	and what they make about what's happening in the world right now.
0:29.7	The start of the second season is a pretty good example.
0:32.0	So they start with a sheriff who's doing trainings for teachers who think they might want to
0:36.3	carry guns to school.
0:37.8	They're worried about school shootings and they think they can stop them.
0:41.0	The second episode is about a teacher who goes to a training class like that.
0:44.7	And you might feel like, okay, I know what people like that might say.
0:48.8	But what this sheriff and this teacher reveal on the show is so much more nuanced and emotional
0:55.0	and human than what you might think.
0:57.8	Anyway, First Person, you can subscribe to them, listen to all their shows, wherever you
1:03.7	listen to ours.
1:05.5	Speaking of which, here's today's episode.
1:09.3	From the New York Times, I'm Serena Tavrini-C and this is The Daily.
1:21.8	Earlier this year, when much of the crypto world imploded and trillions of dollars disappeared,
	...

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