The trial of Sam Bankman-Fried

Fallen Crypto King Sam Bankman Fried… once ‘king of the crypto world’, is now in the midst of one of the biggest fraud trials in American history, taking place in a New York courtroom.

So, what’s this trial about? Rewind back to late 2022. The FTX crypto trading operation, and the closely related Alemeda research, both spectacularly collapsed. SBF as he’s known, is currently charged with crimes relating to the disappearance of billions of dollars of FTX users’ money. Because the people using the exchange didn’t think they were investing in FTX, or even lending to it - they thought their money was being kept in the exchange while it switched between dollars and bitcoin, or doge, or ethereum. Sascha is joined by Tracey Ploman, one third of the Crypto Curious podcast, to talk about the trial of the year.

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