Sam moves Alameda Research’s headquarters from Berkeley to Hong Kong to take advantage of the unregulated crypto market there. Caroline comes along for the ride, struggling to manage the stress of he r new job. Sam pitches investors on a new idea: a crypto exchange called FTX that will offer all kinds of risky crypto products. After all, why bet in the casino when you can own it?See Privacy Policy at <a href="https://art19.com/privacy" rel="noopener noreferrer" target="_blank">https://art19.com/privacy</a> and California Privacy Notice at <a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer" target="_blank">https://art19.com/privacy#do-not-sell-my-info</a>.

Sam moves Alameda Research’s headquarters from Berkeley to Hong Kong to take advantage of the unregulated crypto market there. Caroline comes along for the ride, struggling to manage the stress of he r new job. Sam pitches investors on a new idea: a crypto exchange called FTX that will offer all kinds of risky crypto products. After all, why bet in the casino when you can own it? See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Sam moves Alameda Research’s headquarters from Berkeley to Hong Kong to take advantage of the unregulated crypto market there. Caroline comes along for the ride, struggling to manage the stress of he r new job. Sam pitches investors on a new idea: a crypto exchange called FTX that will offer all kinds of risky crypto products. After all, why bet in the casino when you can own it?See Privacy Policy at <a href="https://art19.com/privacy" rel="noopener noreferrer">https://art19.com/privacy</a> and California Privacy Notice at <a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer">https://art19.com/privacy#do-not-sell-my-info</a>.

Episode 3: The Wild East

Once upon a time, there were two titans of the crypto industry: Sam Bankman-Fried, the child of Stanford professors and founder of FTX, and Changpeng Zhao, the nomadic founder of Binance. The pair were the faces of crypto, generating billion-dollar fortunes comparable to the likes of Elon Musk and Bill Gates. That is, until their rivalry threatened to burn the entire industry to the ground. For years, the pair had waged a cold war as Sam fought to unseat Zhao, or CZ, and dominate the industry. Then, last year, CZ fired a warning shot: one that would send FTX into a downward spiral, and reveal what prosecutors describe as a staggering $8bn fraud at the heart of Sam’s empire. Now, as Sam potentially faces decades in prison, journalist Tom Wright has been investigating the hidden origins of his feud with CZ – starting with a key witness: CZ himself.

Business

Technology

True Crime

Investing

Once upon a time, there were two titans of the crypto industry: Sam Bankman-Fried, the child of Stanford professors and founder of FTX, and Changpeng Zhao, the nomadic founder of Binance. The pair were the faces of crypto, generating billion-dollar fortunes comparable to the likes of Elon Musk and Bill Gates. That is, until their rivalry threatened to burn the entire industry to the ground. For years, the pair had waged a cold war as Sam fought to unseat Zhao, or CZ, and dominate the industry. Then, last year, CZ fired a warning shot: one that would send FTX into a downward spiral, and reveal what prosecutors describe as a staggering $8bn fraud at the heart of Sam’s empire. Now, as Sam potentially faces decades in prison, journalist Tom Wright has been investigating the hidden origins of his feud with CZ – starting with a key witness: CZ himself.

Share Episode 3: The Wild East

Sign up to save your podcasts

Episode 3: The Wild East

Episode 3: The Wild East

More shows like Crypto Kingpins

The Bulwark Podcast

The Journal.

The Lost Kids

The Ezra Klein Show

The Followers: House of Prayer

The Confessions of Anthony Raimondi

Alligator Candy

Art Bust

The Followers: Madness of Two

Close to Death

Scamfluencers

Hot Money: Agent of Chaos

The End Up

Faceless

You Didn't See Nothin

ODB: A Son Unique

Homegrown: OKC

The Greatness with Kareem Maddox

Do You Know Mordechai?

Devil in the Desert