He Defrauded Billions and Called It Charity

This is a business documentary about the FTX collapse, and the belief system that made it inevitable. The FTX collapse didn't happen because Sam Bankman-Fried deceived the room. It happened because the room needed to be deceived. Sam Bankman-Fried raised $32 billion while playing video games and sleeping on a beanbag. That wasn't a liability. It was the pitch. He didn't hide his strangeness — he weaponized it. The rumpled t-shirt, the messy desk, the League of Legends mid-meeting: the market had trained itself to read eccentricity as genius. He understood that before almost anyone else did. What he built at FTX wasn't a crypto exchange. It was a story — wrapped in the moral credibility of Effective Altruism, shielded from scrutiny by the logic of virtue. When you're the person trying to save the world, who asks where the money is? This is not a story about a fraudster who fooled investors. It's about the belief system that made the FTX collapse not just possible, but inevitable. Sequoia Capital called him the next Warren Buffett. The Department of Justice called him something else. Most FTX documentaries follow the money. This one follows the logic. ━━━━━━━━━━━━━━━━━━ 📩 Weekly Power & Ruin Newsletter Corporate fraud, business collapse, psychology of power: → news.powerandruin.com/subscribe ━━━━━━━━━━━━━━━━━━ 🎬 Chapters 00:00 How Sam Bankman-Fried Raised Billions Playing Video Games 01:05 Why Sequoia Capital Invested $210M in FTX 03:54 How Effective Altruism Shielded FTX From Scrutiny 07:05 How FTX Secretly Moved Customer Funds to Alameda Research 09:50 The Leaked Balance Sheet That Triggered the FTX Collapse 12:05 The FTX Hacker and How $6 Billion Disappeared in 72 Hours 14:23 FTX Bankruptcy: What John J. Ray III Found Inside 18:38 Caroline Ellison's Testimony: What She Told the FBI 20:40 Sam Bankman-Fried Convicted: All 7 Counts and 25 Years 23:00 Power & Ruin: Why the FTX Collapse Was Inevitable ━━━━━━━━━━━━━━━━━━ About Power & Ruin Power & Ruin investigates the companies, movements, and belief systems that reshaped the world — and why their collapse was inevitable. Cinematic deep-dives into fraud, corporate failure, and the psychology of power. Not just what happened. Why it had to. ━━━━━━━━━━━━━━━━━━ #SamBankmanFried #FTX #FTXCollapse #FTXCollapseExplained #CryptoFraud #FTXDocumentary #CryptoCrash #SBF