FTX was touted as THE cryptocurrency trading platform with its founder, visionary Sam Bankman-Fried, promising to revolutionize the industry. This once-promising Company was on path to decentralize and democratize a highly complex investment within the crypto world but by 2022, headlines that read, “Scam of the Century”, “Bank Fraud and Conspiracy”, and “Criminal Charges” pointed to a grim future. What happened and who was to blame? Listen to Episode 56 of The Great Fail to hear the full story. Special thanks to Adweek and Acast and Jason Notte from Adweek for contributing to this episode.
Episode Sources
Have celebs learned their lesson from the FTX debacle?
The Collapse of FTX: What Went Wrong with the Crypto Exchange?
Tom Brady And Other A-Listers Sued For Fumbling FTX Endorsements
FTX Investors Sue Celebrity Endorsers
Celebrity Crypto-Hawkers Should Get a Close Look
Timeline: The rise and spectacular fall of FTX
Why Did FTX Collapse? Here’s What to Know.
Should Sports Stars And Celebrities Endorse Or Accept Crypto Pay After Entanglement In FTX Scandal?
The Fall of FTX and Sam Bankman-Fried: A Timeline
Special Guest
Jason Notte
Staff Writer at Adweek
Jason is an Adweek staff writer covering the business of marketing. Jason has previously covered marketing, technology and personal finance and for TheStreet, MarketWatch and MSN Money.