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Podcast: Union of the Unknowns
Episode: 22 - The FTX Snafu Revisited
Description: For this episode, the Unknowns revisit the FTX scandal with our own, “virtually local” expert, Daniel.
We ponder how and why FTX grew so quickly to become the fourth biggest crypto exchange? How did founder Sam Bankman Fried, once described as the “new Bill Gates” (!) get so quickly connected to the rich and famous to become the Democratic party’s second biggest donor, and where exactly did that mysterious seed money come from? Given his parents, who put up their house as part of SBF’s bail deal, are of limited means, how was the lion’s share of the 25...