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Slate Daily Feed

SBF's Worst Week Yet

Slate Daily Feed

Slate

News, Business, Society & Culture

3.91.1K Ratings

🗓️ 28 December 2014

⏱️ 39 minutes

🧾️ Download transcript

Summary

Even in a crazy year for crypto, Sam Bankman-Fried’s story is undeniably the most bananas. And even in the context of the implosion of FTX, getting arrested has got to make this week his worst yet. What charges does SBF face?


Guest: Stacy-Marie Ishmael, managing editor on crypto for Bloomberg News


Host: Lizzie O’Leary


Sponsored by Saks.com. Check out the Holiday Gift Guide on saks.com


Hosted on Acast. See acast.com/privacy for more information.

Transcript

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0:00.0

This episode is brought to you by Kraken.

0:03.0

Krypto is like the financial system, but different.

0:06.0

He doesn't care where you come from,

0:08.0

what you look like, your credit score,

0:10.0

or your outrageous food delivery habits.

0:13.0

crypto is financed for everyone, everywhere, all the time.

0:17.0

Visit Krakon.com slash see what crypto can be.

0:21.0

To learn more, don't invest in as you're prepared to lose all the money

0:24.9

you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

0:31.2

Spark your creativity with The Sims. Sometimes you might feel like you're not creative

0:37.0

and you have to go in search of your creative spark again.

0:40.0

Maybe this is catching up with creative friends, experimenting with a new look or trying out a new recipe.

0:46.0

And thanks to The Sims, inspiration is just one game and one spark away.

0:51.0

Ready to spark something. Download The Sims 4 and play for free. Stacy Marie Ishmael is no stranger to covering white collar crime.

1:10.0

She's seen companies implode and executives go to prison.

1:13.9

But even she found the speed with which FtX collapsed

1:17.3

and Sam Beckman-freed was arrested to be dizzying.

1:21.1

I think that looking at the timing from filing for bankruptcy or even forget

1:26.7

filing for bankruptcy saying alluding to the fact that they were potentially

1:30.2

in distress potentially having takeover conversations with finance, to then filing for bankruptcy, and then in the space of about a month after that being taken under arrest.

1:43.4

That does strike me as an unusually quick process.

1:47.0

Stacey Marie is the managing editor for

...

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