FTX, Bitcoin, and Cryptocurrency EXPLAINED
About this episode:
As cryptocurrency rose in popularity during the Covid-19 pandemic, new converts bought into the idea that crypto would not only make them rich, but would usher in imminent revolutions across art, finance, politics, and gaming. Cryptocurrency caught the zeitgeist through figures like FTX CEO Sam Bankman-Fried, who only two years later would be convicted of one of the most calamitous acts of financial fraud in US history.
Andrew Chow is a correspondent for Time who covers technology, culture, and business. His new book is Cryptomania: Hype, Hope and the Fall of a Billion-Dollar Fintech Empire.
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Transcript
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