The Entirely Predictable Collapse of FTX and the Future of Crypto Cons (w/ Stephen Diehl)
One of the world's largest cryptocurrency exchanges, FTX, recently imploded spectacularly. Its CEO, Sam Bankman-Fried, had been called "the next Warren Buffett" and was a Democratic megadonor as well as a major funder of the "Effective Altruism" movement. Overnight, Bankman-Fried saw his fortune and his company wiped out, and he is now under criminal investigation.
To explain what happened, and why we keep seeing spectacular frauds in the crypto industry, we are joined today by Stephen Diehl, a longtime critic of crypto who has been warning for years that crypto assets can suddenly implode…
The skinny
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