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The Crypto Comeback

The Daily

21-05-2024 • 23 minutes

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.

Guest: David Yaffe-Bellany, a technology reporter for The New York Times, covering the crypto industry from San Francisco.

Background reading:

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.

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