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Sam Bankman-Fried - The Dark side of Crypto #Fraud #ProfitPredators
Manage episode 410353932 series 3283064
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*Forgive the mispronunciations* 🔎 Let's say you're a young, ambitious entrepreneur looking to make it big. You could take the traditional startup route: come up with an innovative idea, build a product, and raise venture capital. Or, you could start a cryptocurrency exchange and use customer deposits to fund your own hedge fund trading operations and lavish lifestyle. That's exactly what Sam Bankman-Fried did with his companies, FTX and Alameda Research. At just 30 years old, he had achieved rock star status in the crypto world. This is the story of how Sam Bankman-Fried managed to pull off a multi-billion-dollar fraud right under the noses of investors, auditors, and regulators.
*Forgive the mispronunciations* Profit Predators Season 1, Ep 1 === 0:00 Sam Bankman-Fried Intro 1:07 Profit Predators Intro 1:43 Fried's Education & Studies 3:10 Fried, the Altruist 5:37 Founding ‘Alameda Research’ 7:20 Founding FTX 10:42 Suspicions on Sam 11:50 Bankman Booked 13:02 Sam Bankman-Fried Fry‘ed 13:26 Profit Predators conclusion =======================================
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