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Have you heard about Sam Bankman-Fried and FTX? FTX was the second largest crypto currency exchange in the world and Bankman-Fried was the guy who ran it. He was a young genius, people said. He practiced something called \u201ceffective altruism,\u201d gave away money to people on the street, played video games, and was predicted to be the world\u2019s first trillionaire.

Now he\u2019s bankrupt, FTX is in ruins and large amounts of crypto seem to keep shifting around with no explanation. So who was Bankman-Fried? Why did everyone think he was a genius? And how did FTX seemingly make billions of dollars in wealth evaporate overnight.

On this episode of Cyber, Motherboard staff writer Edward Ongweso Jr. tries to answers those questions.

Stories discussed in this episode:

Sam Bankman-Fried\u2019s FTX Crypto Empire Is Officially Bankrupt

Sam Bankman-Fried Was Supposed to Be Different. He Wasn't.

FTX Founder: \u2018I Fucked Up\u2019

We\u2019re recording CYBER live on Twitch and YouTube. Watch live during the week. Follow us there to get alerts when we go live. We take questions from the audience and yours might just end up on the show. 

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