Our podcast on markets, the economy and business. This week, we chart the rise and fall of crypto’s poster child, Sam Bankman-Fried, and ask whether the industry can survive
Until last week, Sam Bankman-Fried - or SBF as he’s become known - was crypto’s poster-child. He was a regular in Washington, DC where he schmoozed journalists, regulators and lawmakers alike. He funded political campaigns and sponsored sports teams ranging from basketball to Formula One. For many, the floppy-haired, 30-year-old once-billionaire wasn’t just the face of his crypto trading firm FTX, he was the face of crypto.
But last week, SBJ’s business, which was valued at $32bn at the start of the year, collapsed into bankruptcy and now he is being investigated by regulators and law-enforcement agencies. On this week’s “Money Talks’, hosts Alice Fulwood and Soumaya Keynes ask whether the crypto phenomenon can survive the loss of a figurehead. They speak with Alesia Haas, the CFO of the second-largest exchange Coinbase. And hear from some of the recipients of SBF’s contributions to the effective altruism movement about what’s next.
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