The Crypto Comeback

This month, customers of FTX — Sam Bankman-Fried’s cryptocurrency
exchange, which collapsed in 2022 — were told that they would get
their money back, with interest.


David Yaffe-Bellany, our technology reporter, explains what was
behind this change in fortune and what it says about the
improbable resurgence of crypto. 


Guest: David Yaffe-Bellany, a technology reporter for The New
York Times, covering the crypto industry from San
Francisco. 


Background reading: 


Is crypto back? Here’s a guide.

And here’s a guide to the risks of Bitcoin E.T.F.s.

This is how The Times covered Sam Bankman-Fried’s sentencing.



For more information on today’s episode, visit
nytimes.com/thedaily. Transcripts of each episode will be made
available by the next workday.