Make Me Smart With Kai And Molly

Crypto goes to court

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Synopsis

Hey smarties! We recorded today’s episode before historic news broke that the House of representatives voted to oust Kevin McCarthy as speaker. We’re monitoring the story as it develops and as the House figures out what comes next. IIt’s Day 1 of Sam Bankman-Fried’s trial. Last year, The founder of FTX was charged with counts of fraud and conspiracy after his crypto exchange went under and investigators found that $8 billion in customer funds had gone missing. Before his fall from grace, SBF had become one of the most powerful players in the industry. This has us wondering: Is crypto on trial along with Sam Bankman-Fried? On the show today, Bloomberg’s Zeke Faux, author of “Number Go Up: Inside Crypto’s Wild Rise and Staggering Fall,” explains how the trial could play out, where crypto is today and whether it has a viable future, post-SBF. Then, we’ll hear how companies can be held accountable for the junk they leave floating in space. And automatic