FTX: the legend of Sam Bankman-Fried | FT Film

Video Description

FTX, Sam Bankman-Fried's cryptocurrency exchange, exploded onto the scene in just a few years. Endorsed by celebrities and accepted by the establishment, it attracted big-name investors and was valued at $32bn before it collapsed in a matter of days. Regulators fell for it, venture capitalists fell for it, celebrities fell for it - everyone fell for the legend of Sam #FTX #crypto #SBF Produced, directed and edited by Daniel Garrahan. Filmed by Petros Gioumpasis and Gregory Bobillot. Graphics by Russell Birkett 00:00 - The legend of Sam 03:04 - FT explodes into the mainstream 07:04 - Cracks start to form 10:00 - The fall of FTX 13:58 - "I ended up losing $2.1m" 15:22 - Sam's apology tour 17:33 - Police arrest Sam in the Bahamas 18:34 - FTX's inner circle of power 21:09 - A failure of due diligence 23:29 - Where were the auditors? Where were the regulators? 27:49 - What FTX's collapse means for crypto See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start a £1 trial: https://subs.ft.com/spa3_trial?segmentId=3d4ba81b-96bb-cef0-9ece-29efd6ef2132. ► Check out our Community tab for more stories on the economy. ► Listen to our podcasts: https://www.ft.com/podcasts ► Follow us on Instagram: https://www.instagram.com/financialtimes'