Fallen Crypto King Sam Bankman Fried… once ‘king of the crypto world’, is now in the midst of one of the biggest fraud trials in American history, taking place in a New York courtroom. So, what’s this trial about? Rewind back to late 2022. The FTX crypto trading operation, and the closely related Alemeda research, both spectacularly collapsed. SBF as he’s known, is currently charged with crimes relating to the disappearance of billions of dollars of FTX users’ money. Because the people using the exchange didn’t think they were investing in FTX, or even lending to it - they thought their money was being kept in the exchange while it switched between dollars and bitcoin, or doge, or ethereum. Sascha is joined by Tracey Ploman, one third of the <a href="https://equitymates.com/show/crypto-curious/" rel="noopener noreferrer" target="_blank">Crypto Curious</a> podcast, to talk about the trial of the year. Want more Equity Mates? Click <a href="https://linktr.ee/equitymatesmedia" rel="noopener noreferrer" target="_blank">here</a>.&nbsp;In the spirit of reconciliation, Equity Mates Media and the hosts of The Dive acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today.&nbsp;*****This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives.&nbsp;Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.&nbsp;Equity Mates Media operates under Australian Financial Services Licence 540697.The Dive is part of the Acast Creator Network.<hr> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

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