FTX founder Sam Bankman-Fried’s trial begins today; a guilty verdict could represent the final nail in crypto’s coffin. Bloomberg’s Zeke Faux, who spent two years chronicling SBF’s downfall, explains.

This episode was produced by Amanda Lewellyn, edited by Amina Al-Sadi with help from Matt Collette, fact-checked by Serena Solin with help from Laura Bullard, engineered by Patrick Boyd, and hosted by Sean Rameswaram.

Disclosure: In August 2022, Sam Bankman-Fried’s philanthropic family foundation, Building a Stronger Future, awarded Vox’s Future Perfect a grant for a 2023 reporting project. That project is now on pause.

Transcript at vox.com/todayexplained

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