2024-03-28
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Hello, I'm Katja Adler, host of the Global Story podcast from the BBC World Service.
The Global Story brings you fresh takes and smart perspectives from BBC journalists all around the world.
We're dropping a bonus episode of our podcast into the Real Story feed every day this week, and if you'd like to hear more of our previous episodes, we hope you do.
Search BBC the Global Story wherever you get your BBC podcasts.
Today, Sam Bankman Fried was the golden boy of cryptocurrency, dubbed the king, even the savior of the industry, until he wasn't.
Sam Bankman Fried perpetrated one of the biggest financial frauds in American history.
Prosecutor said Sam Bankman Fried had used.
Money stolen from FTX to prop up his investment fund and to fund his lavish lifestyle.
Investors now face billions of dollars in losses.
He's gone from a luxury penthouse in the Bahamas to a jail cell in Brooklyn and could spend the rest of his life behind bars.
He'll be sentenced by a court in New York this week.
Cryptocurrencies were predicted to revolutionize and democratize the world of finance.
Today we're asking, are they living up to that hype?
With me today is Jo Tidy, the BBC's cyber correspondent based in London, and Erin Delmour, our North America business correspondent, on the line to us from New York.
Hi, both of you.
Hello.