Wondery and Bloomberg launch Spellcaster: The Fall of Sam Bankman-Fried
From Wondery and Bloomberg comes the new six-episode podcast Spellcaster: The Fall of Sam Bankman-Fried.
Hosted by Bloomberg crypto and tech reporter Hannah Miller, it tells the story of young crypto billionaire Sam Bankman-Fried, who quickly gained fame and fortune from celebrities and world leaders before his business empire came crashing down.
Sam promised to change the world when he created FTX and set up the crypto exchange, unconventionally run by himself and his college friends.
Through FTX, Bankman-Fried was able to shake the hands of world leaders and rub elbows with Hollywood’s elite, quickly making him a billionaire before he turned 30.
But, as the hype bubbled up, Binance a rival company, called Bankman-Fried’s bluff, kicking off a “run on the bank,” which ultimately started the young billionaire’s downward spiral.
FTX crashed, top venture capitalists and celebrity investors lost millions, and Bankman-Fried ended up detained and on trial.
Host Hannah Miller and Bloomberg colleagues Max Chafkin and Annie Massa explore the story of one of the biggest fraud cases in years, with access to Bankman-Fried before the collapse of FTX, and Caroline Ellison, the CEO of FTX sister company Alameda Research and ex-girlfriend of Bankman-Fried.
The first episode will be available from 22 May on Wondery+ and the Bloomberg Terminal. It will then be available on Amazon Music and all podcast platforms on 5 June.