Why the FTX Crypto Scam Is a Tale As Old As Time

“Whatever fun name you wanna put on it, it’s the same damn thing we’ve seen over and over again.” David Dayen, executive editor of The American Prospect, joins us to discuss the spectacular rise and fall of crypto exchange FTX and its disgraced leader, Sam Bankman-Fried. We dive into the ways its collapse mirrors the worst failures of more mainstream markets, how SBF was able to use effective altruism as cover for garden-variety political influence, and why it’s a mess that the House Agriculture Committee ended up regulating exchanges like FTX. Plus, writers Henrik Blix and Jay Jurden stop by to talk about living in a golden age of grifts and teach Jon about the Liver King’s dirty secret.  Season 2 is now streaming on Apple TV+. CREDITS
Hosted by: Jon Stewart  Featuring, in order of appearance: Henrik Blix, Jay Jurden, David Dayen  Executive Produced by Jon Stewart, Brinda Adhikari, James Dixon, Chris McShane, and Richard Plepler. Lead Producer: Sophie Erickson Producers: Zach Goldbaum, Caity Gray Assoc. Producer: Andrea Betanzos  Sound Engineer & Editor: Miguel Carrascal Senior Digital Producer: Freddie Morgan Digital Producer: Cassie Murdoch Digital Coordinator: Norma Hernandez Supervising Producer: Lorrie Baranek Head Writer: Kris Acimovic  Elements: Kenneth Hull, Daniella PhilipsonTalent: Brittany Mehmedovic, Marjorie McCurry, Lukas Thimm  Research: Susan Helvenston, Andy Crystal, Harjyot Ron Singh, Deniz Çam Theme Music by: Gary Clark Jr.  The Problem With Jon Stewart podcast is an Apple TV+ podcast, produced by Busboy Productions.  https://apple.co/-JonStewart