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Reveal
The Center for Investigative Reporting and PRX
279 episodes
2 days ago
Reveal’s investigations will inspire, infuriate and inform you. Host Al Letson and an award-winning team of reporters deliver gripping stories about caregivers, advocates for the unhoused, immigrant families, warehouse workers and formerly incarcerated people, fighting to hold the powerful accountable. The New Yorker described Reveal as “a knockout … a pleasure to listen to, even as we seethe.” A winner of multiple Peabody, duPont, Emmy and Murrow awards, Reveal is produced by the nation’s first investigative journalism nonprofit, The Center for Investigative Reporting, and PRX. From unearthing exploitative working conditions to exposing the nation’s racial disparities, there’s always more to the story. Learn more at revealnews.org/learn.
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All content for Reveal is the property of The Center for Investigative Reporting and PRX and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Reveal’s investigations will inspire, infuriate and inform you. Host Al Letson and an award-winning team of reporters deliver gripping stories about caregivers, advocates for the unhoused, immigrant families, warehouse workers and formerly incarcerated people, fighting to hold the powerful accountable. The New Yorker described Reveal as “a knockout … a pleasure to listen to, even as we seethe.” A winner of multiple Peabody, duPont, Emmy and Murrow awards, Reveal is produced by the nation’s first investigative journalism nonprofit, The Center for Investigative Reporting, and PRX. From unearthing exploitative working conditions to exposing the nation’s racial disparities, there’s always more to the story. Learn more at revealnews.org/learn.
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News
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The Secret Story of FTX’s Rise and Ruin Part 1
Reveal
49 minutes 56 seconds
1 month ago
The Secret Story of FTX’s Rise and Ruin Part 1
Sam Bankman-Fried was once called the “crypto king.” But in November 2022, his company, FTX, imploded within a matter of days. All around the world, customers of the cryptocurrency exchange were suddenly cut off from their money.  “I tried to withdraw an amount, you know, and it would spin and say, your, your withdrawal is pending,” says Tareq Morad, an investor from Canada. “I remember myself doing that around 7, 8 o’clock at night, checking back, going to look: Okay, did it go through? Did it go through? No. No. No.” Meanwhile, inside the company, employees were panicking. “All that we were told was there's been a run on the bank and, somehow, money is missing and we don't know who to trust,” remembers Caroline Papadopoulos, part of FTX’s accounting leadership at the time.  This week on Reveal, through prison interviews with Bankman-Fried, his parents, FTX insiders, and customers, we take you through the frantic week of FTX’s collapse and the controversial and less well-known bankruptcy that followed. At a cost of nearly $1 billion, it has become one of the most expensive in history.  Support Reveal’s journalism at Revealnews.org/donatenow Subscribe to our weekly newsletter to get the scoop on new episodes at Revealnews.org/weekly Connect with us on Bluesky, Facebook and Instagram
Reveal
Reveal’s investigations will inspire, infuriate and inform you. Host Al Letson and an award-winning team of reporters deliver gripping stories about caregivers, advocates for the unhoused, immigrant families, warehouse workers and formerly incarcerated people, fighting to hold the powerful accountable. The New Yorker described Reveal as “a knockout … a pleasure to listen to, even as we seethe.” A winner of multiple Peabody, duPont, Emmy and Murrow awards, Reveal is produced by the nation’s first investigative journalism nonprofit, The Center for Investigative Reporting, and PRX. From unearthing exploitative working conditions to exposing the nation’s racial disparities, there’s always more to the story. Learn more at revealnews.org/learn.