Understood: Who Broke the Internet?

The Naked Emperor Episode 1: The Hype


Listen Later

Sam Bankman-Fried wasn't like other crypto moguls: he drove a Toyota Corolla, he was an advocate for government regulation, he said he would give billions away to charity. That is, until he lost it all in what has been called “one of history’s greatest-ever destructions of wealth.” Sam Bankman-Fried, aka SBF, had an empire. His cryptocurrency exchange, FTX, and hedge fund, Alameda Research, together were worth billions. Celebrities sang his praises, and politicians took his donations. Then, it all collapsed – almost overnight. There were millions of FTX customers. Now, they don’t know where their money is. Host Jacob Silverman, co-author of a forthcoming book about crypto and fraud, takes a closer look at the hype around SBF and FTX, and how it only grew, even as other crypto companies crashed around them. How powerful was Sam Bankman-Fried? And how did he initially manage to hang on, to thrive even, as other giants tumbled towards bankruptcy?

...more
View all episodesView all episodes
Download on the App Store

Understood: Who Broke the Internet?By CBC

  • 4.4
  • 4.4
  • 4.4
  • 4.4
  • 4.4

4.4

236 ratings


More shows like Understood: Who Broke the Internet?

View all
As It Happens by CBC

As It Happens

427 Listeners

Ideas by CBC

Ideas

370 Listeners

The Current by CBC

The Current

206 Listeners

The House by CBC

The House

74 Listeners

The World This Hour by CBC

The World This Hour

110 Listeners

Your World Tonight by CBC

Your World Tonight

153 Listeners

World Report by CBC

World Report

234 Listeners

Under the Influence with Terry O'Reilly by Apostrophe Podcast Network

Under the Influence with Terry O'Reilly

791 Listeners

CANADALAND by CANADALAND

CANADALAND

205 Listeners

Storylines by CBC

Storylines

38 Listeners

At Issue by CBC

At Issue

35 Listeners

Uncover by CBC

Uncover

9,794 Listeners

The Big Story by Frequency Podcast Network

The Big Story

95 Listeners

Front Burner by CBC

Front Burner

411 Listeners

Cost of Living by CBC

Cost of Living

36 Listeners

This Matters by Toronto Star

This Matters

24 Listeners

Deep Cover by Pushkin Industries

Deep Cover

4,375 Listeners

A Death In Cryptoland by CBC

A Death In Cryptoland

228 Listeners

The Decibel by The Globe and Mail

The Decibel

115 Listeners

Crime Story by CBC

Crime Story

129 Listeners

The Pornhub Empire by CBC

The Pornhub Empire

10 Listeners