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Where did the 8 billion dollars go?

Search Engine

PJ Vogt

Technology, Business

4.85K Ratings

🗓️ 29 September 2023

⏱️ 67 minutes

🧾️ Download transcript

Summary

This week, the story of former crypto wunderkind Sam Bankman-Fried. The government alleges he stole over eight billion dollars from the customers of the crypto exchange he started, FTX.

Our question ... how do you blow eight billion dollars? Investigative financial reporter Zeke Faux helps us answer our question.

Be sure to check out Zeke's book, Number Go Up: Inside Crypto's Wild Rise and Staggering Fall. If you'd like to support the show, head to our newsletter: pjvogt.com.

Transcript

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0:00.0

Welcome to Search Engine, I'm PJ vote.

0:02.0

Each week, we answer a question we have about the world.

0:05.0

No question too big, no question too small.

0:07.0

This week on the show, the story of former crypto vunderkind,

0:11.0

Sam Bankman Freed, who the government is saying

0:13.0

stole over $8 billion from his customers.

0:17.0

Our question, where did all that money go?

0:20.0

We'll get some answers after these ads.

0:24.0

This episode is brought to you by Kraken.

0:27.0

Crypto is like the financial system, but different.

0:30.0

It doesn't care where you come from, what you look like,

0:33.0

your credit score, or your outrageous food delivery habits.

0:37.0

Crypto is finance for everyone, everywhere, all the time.

0:41.0

Visit Kraken.com slash see what crypto can be to learn more.

0:46.0

Don't invest in as it prepared to lose all the money you invest.

0:49.0

This is a high risk investment and you should not expect to be protected

0:52.0

if something goes wrong.

0:55.0

We are living through a wild moment in American history.

0:58.0

There are conspiracy theorists on house committees, extremists

1:01.0

on the Supreme Court, and near fist fights on C-SPAN.

1:05.0

And with an intense White House battle ahead,

1:07.0

we need a better conversation about the latest big election of our lives.

...

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