Season 2, Episode 17 - Cryptocurrency and the Sam Bankman-Fried/FTX Collapse

<p>Cryptocurrency is in the news. &nbsp;Sam Bankman-Fried was the darling of the cryptocurrency crowd and was a billionaire by the age of 30 for developing the FTX trading platform for cryptocurrency trades. &nbsp;Like much with cryptocurrency, there seemed to be no limit as to how high the FTX platform could fly and become a winning investment. &nbsp;Now it is in bankruptcy protection and questions are being asked if FTX was nothing more than a Ponzi scheme. &nbsp;Comparisons to the Enron scandal have already started.</p> <p>What is cryptocurrency and what happened to FTX? We explore this topic in this episode. &nbsp;</p> <p>Opening and Closing Music:</p> <p>Penguin music - ModernChillout - Background Music [NCS Release]</p> --- Send in a voice message: https://anchor.fm/gene-tausk/message