FTX (with Sam Bankman-Fried & Mario Gabriele)

Note: This episode was published on Dec 14, 2021, approximately a
year before FTX’s subsequent meltdown. The apparent negligence,
fraud and self-dealing at FTX has given us much to reflect on
after we — and many others — gave Sam a platform to share his and
FTX’s story with all of you. We’ve decided to leave this episode
up in-full as a historical artifact of the industry’s view on FTX
at the time. For a broader Acquired discussion on frauds, and
specifically the similarities between FTX and Enron, see our
November 2022 Enron episode.



We tell the definitive (audio!) story behind FTX's "speed run" —
how this upstart crypto exchange became the fastest company in
history to reach a $25B valuation, just two years after founding.
And to do so we're joined by not one but TWO of the very best
people in the world to help: FTX's wunderkind CEO Sam
Bankman-Fried, and special guest host Mario Gabriele from The
Generalist, who Sam gave extensive access to FTX's internal data,
employees, and investors for his canonical 36,000 word trilogy on
the company this past summer. We cover it all — from the
"$20m/day" trade that started everything, to Tom Brady &
Gisele, to Sam testifying last week in front of Congress. Don't
blink or you might miss it! 


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Links:


The Generalist's FTX Trilogy:
https://www.readthegeneralist.com/briefing/ftx-1

FTX: https://ftx.com

FTX US: https://ftx.us

Sam's Twitter: https://twitter.com/SBF_FTX



 ‍Note: Acquired hosts and guests may hold assets discussed
in this episode. This podcast is not investment advice, and is
intended for informational and entertainment purposes only. You
should do your own research and make your own independent
decisions when considering any financial transactions.