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Podcast: Macroaggressions
Episode: Flashback Friday | #284: The Crypto Manson Family
Description: FTX is exposing the joys of bank runs to a new generation of people, this time with digital tokens but the same ol’ liquidity issues that plagued runs of the past. And like most financial frauds, the rabbit hole goes really deep and usually connects to many people that were instrumental in almost pulling off the caper.
Sam Bankman-Fried was the CEO of a crypto trading platform called FTX until the tide went out and the world saw how overleveraged and under-capitalized the firm really was. And let’s not forget about the 11-figure criminality that was also expo...