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This month, customers of FTX — Sam Bankman-Fried’s cryptocurrency exchange, which collapsed in 2022 — were told that they would get their money back, with interest.
David Yaffe-Bellany, our technology reporter, explains what was behind this change in fortune and what it says about the improbable resurgence of crypto.
On today’s episode
David Yaffe-Bellany, a technology reporter for The New York Times, covering the crypto industry from San Francisco.
Background reading
Is crypto back? Here’s a guide.
And here’s a guide to the risks of Bitcoin E.T.F.s.
This is how The Times covered Sam Bankman-Fried’s sentencing.
There are a lot of ways to listen to The Daily. Here’s how.
We aim to make transcripts available the next workday after an episode’s publication. You can find them at the top of the page.
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