FTX’s Fall Sets Off Guilty Pleas and Soul-Searching by Those Around Bankman-Fried
In episode six of the Spellcaster podcast, people around SBF ponder one of his greatest powers — getting otherwise smart people to second-guess their own eyes, ears and instincts.
Royal Bahamas Police arrested Sam Bankman-Fried in Nassau on December 13, 2022.
Photo illustration by 731; Photograph by Mario Duncanson/AFP via Getty Images
Listen and subscribe to Spellcaster: The Fall of Sam Bankman-Fried in Amazon Music, Apple, Spotify and on the Bloomberg Terminal.
When Sam Bankman-Fried’s empire crumbled, it crumbled quickly. On Nov. 11, 2022, less than two weeks after the leaked Alameda Research balance sheet went public, FTX declared bankruptcy. Its new CEO, John J. Ray III, who had overseen the bankruptcy of Enron Corp., said FTX was an even bigger mess.