FTX’s Sam Bankman-Fried Pleads Not Guilty. Now What? | Bloomberg Crypto

Welcome to the first This Week in Crypto episode of 2023. We’re kicking off the year with - can you guess? Sam Bankman-Fried. The former FTX CEO had quite the wild holiday season. His companies filed for bankruptcy in November and he was arrested in the Bahamas in December. Bankman-Fried faces multiple criminal charges - and at least two of his closest colleagues and confidants are providing evidence against him.

SBF, as he’s commonly known, flew back to New York this week after spending the holidays in California on bail (https://www.bloomberg.com/news/articles/2023-01-03/sbf-wants-to-shield-info-of-people-guaranteeing-his-bond). At a hearing in New York on Tuesday, he pleaded not guilty - as expected - to charges including fraud.

Bloomberg senior editor Philip Lagerkranser (mailto:[email protected]) joins the show to discuss.

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Crypto is the world's hottest financial trend. Digital tokens like Bitcoin and NFTs have moved from niche products to showing up in Super Bowl commercials and song lyrics. Advocates of these new asset classes promise they will democratize the finance industry, and they hail the blockchain technology that backs it all as the future of computing. Skeptics say it's another financial house of cards. No newsroom on the planet is better equipped than Bloomberg to cut through all the noise and provide clarity, context and authority.

In this new daily podcast, Bloomberg’s reporting team will tease out what’s actually important in the crypto conversation. Led by crypto expert Stacy-Marie Ishmael, the podcast will draw on reporters in every region and credible voices in the industry to cover everything from regulation to alt coins to DeFi, and even the environmental impact of the currency that promises to change the finance landscape indefinitely.

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