The legal fallout of FTX’s collapse

The World

Sam Bankman-Fried, the former CEO of the cryptocurrency exchange, FTX, wrote a letter to former employees in which he essentially admitted that FTX was lending customer deposits without their knowledge. To find out if that means legal jeopardy, or if there are other possible financial crimes that could be prosecuted, The World's host Marco Werman interviews Timothy Howard, a former Assistant US Attorney for the Southern District of New York, who prosecuted complex fraud cases and helped lead the district's Cybercrime Unit.

Will you help our nonprofit newsroom today?

Every week, more than 2 million listeners tune into our broadcast and follow our digital coverage like this story, which is available to read for free thanks to charitable contributions from listeners like you. But less than 1% of our audience supports our program directly. From now through the end of the year, every gift will be matched dollar for dollar by a generous donor, which means your gift will help us unlock a $67,000 challenge match.

Will you join our growing list of loyal supporters and double your impact today?