When eleven words appeared on a screen in November 2022, they triggered a collapse that erased eight billion dollars belonging to ordinary people — money that investigators would later argue had never been Sam Bankman-Fried's to spend. In this episode, hosts Teddy and Sloane trace how a philosophy student turned quantitative trader built a $32 billion empire on a foundation that may have been rotten from the start. The story of FTX is not just about fraud — it is about how ambition, ideology, and the suspension of judgment by the people who should have known better made the whole thing possible.