Hey, you're listening to Unlimited Hangout. I'm your hope, Whitney Webb. Today we are going to be

waiting into the big story in the financial world and more specifically the crypto space by working

to make sense of the spectacular implosion of FTX and the mystique behind its 30-year-old

billionaire founder Sam Bankman-Fried. With each passing day, the news about the story

gets progressively more insane, with the obvious fraudulent behavior of Bankman-Fried and his

polychule posse becoming ever more apparent. Yet some major outlets like the New York Times

and covering the FTCS collapse have avoided portraying Bankman-Fried as a criminal or fraud.

They haven't even bothered to call out what he was actually doing at FTX, which is more or less running a massive Ponzi scheme.

Yet beyond the brazen criminality, the story has taken on some interesting new dimensions,

following revelations about Sam Bankman Fried's connections, particularly those of his family

and his ties to a bizarre,

somewhat cultish movement of self-styled philanthropist, known as effective altruism. Not only that,

but some of these connections involve cozy ties to those leading the securities and exchange

commission, as well as a revolving door between congressional staff and one of FTCS's subsidiaries.

Did Sam Bakeman-Fried really accomplish all of this on his own?

No, but the narrative is quickly being spun that he conducted all of this fraud,

avoided regulatory scrutiny, and amassed billions of dollars of wealth without the help of a

network that benefited from and protected his activities.

Such a narrative is oddly reminiscent of the mainstream

narrative about another brazen financial criminal, Jeffrey Epstein. To help me make sense of this

complete hive of financial fuckery and apparent conspiracy, I am joined today by Marty Bent and Mike Krieger.

Marty is the founder of TFTC.io, a media company focused on Bitcoin beauty and freedom in the digital age.

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