logo
episode-header-image
Mar 2023
35m 16s

The Naked Emperor Episode 2: The Beginni...

CBC
About this episode

We return to the beginning of Sam Bankman-Fried’s lucrative foray into crypto and ask: how did it all fall apart? Sam Bankman-Fried rose to the top of the crypto world with help from his friends. Gary Wang was a former fellow math-camper and brilliant programmer; Caroline Ellison was a former colleague at an elite Wall Street firm and an avid LARPer on the side. While still in their twenties, they were entrusted with billions of dollars of customer and investor funds. But in retrospect there were signs that maybe their enormous fortunes weren't created simply through their supposed technological and financial genius. For transcripts of this series, please visit here.

Up next
Mar 2023
The Naked Emperor Episode 3: Busted
In the weeks after FTX filed for bankruptcy Sam stuck to his story: he did not commit fraud. FTX’s post-collapse CEO claimed the company had been a managerial and financial disaster, writing that he had never seen “such a complete failure of corporate controls and such a complete ... Show More
32m 6s
Apr 2023
The Naked Emperor Episode 4: It Takes a Village
Sam Bankman-Fried couldn’t have marketed FTX to the masses on his own. He had help – from the institutional investors who brought in the big bucks, to the celebrity endorsers who told the public that FTX was “a safe and easy way to get into crypto.” One FTX brand ambassador was K ... Show More
34m 12s
Jun 2023
The Naked Emperor BONUS: Binance and its CEO sued in major crypto case
Jacob Silverman sits down on CBC's Front Burner podcast to discuss how the biggest crypto exchange in the world is being sued by an American regulator accusing Binance and its billionaire founder of breaking a string of laws and misusing investor funds. Changpeng Zhao and his com ... Show More
23m 44s
Recommended Episodes
May 2023
Introducing - Spellcaster: The Fall of Sam Bankman-Fried
Coming soon: When nerdy gamer Sam Bankman-Fried rocketed to fame as the world’s richest 29-year-old, he pledged to donate his billions to good causes. But then his crypto exchange FTX collapsed Billions of dollars were missing, and Sam was in handcuffs. Those who knew him were le ... Show More
2m 21s
May 2023
Introducing - Spellcaster: The Fall of Sam Bankman-Fried
Coming soon: When nerdy gamer Sam Bankman-Fried rocketed to fame as the world’s richest 29-year-old, he pledged to donate his billions to good causes. But then his crypto exchange FTX collapsed Billions of dollars were missing, and Sam was in handcuffs. Those who knew him were le ... Show More
2m 21s
Oct 2023
Money Talks: The future of crypto, part two
<p>Last week, we spoke to the author Michael Lewis, who was embedded with Sam Bankman-Fried, as FTX, the crypto-trading empire he built, came crashing down amid allegations of fraud, which Mr Bankman-Fried denies. Mr Lewis credits Changpeng Zhao - the boss of Binance, a rival exc ... Show More
43m 43s