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

  • 4.3
  • 4.3
  • 4.3
  • 4.3
  • 4.3

4.3

209 ratings


More shows like Understood: Who Broke the Internet?

View all
As It Happens by CBC

As It Happens

424 Listeners

Ideas by CBC

Ideas

384 Listeners

The Current by CBC

The Current

240 Listeners

This American Life by This American Life

This American Life

90,609 Listeners

The House by CBC

The House

83 Listeners

The World This Hour by CBC

The World This Hour

114 Listeners

Your World Tonight by CBC

Your World Tonight

157 Listeners

White Coat, Black Art by CBC

White Coat, Black Art

115 Listeners

World Report by CBC

World Report

229 Listeners

Storylines by CBC

Storylines

48 Listeners

At Issue by CBC

At Issue

133 Listeners

Uncover: Calls From a Killer by CBC

Uncover: Calls From a Killer

9,852 Listeners

The Big Story by Frequency Podcast Network

The Big Story

109 Listeners

The Copernic Affair | Canadaland Investigates by Canadaland

The Copernic Affair | Canadaland Investigates

1,558 Listeners

Front Burner by CBC

Front Burner

450 Listeners

This Matters by Toronto Star

This Matters

20 Listeners

Commotion with Elamin Abdelmahmoud by CBC

Commotion with Elamin Abdelmahmoud

90 Listeners

The Decibel by The Globe and Mail

The Decibel

130 Listeners

Personally by CBC

Personally

354 Listeners

World Of Secrets by BBC

World Of Secrets

873 Listeners

The Pornhub Empire by CBC

The Pornhub Empire

9 Listeners

The Good Whale by Serial Productions and the New York Times

The Good Whale

1,061 Listeners