Teddy Declassified

Sam Bankman-Fried's Inner Circle Watched and Said Nothing

When Sam Bankman-Fried built FTX into a multi-billion dollar empire, he didn't do it alone — he did it with a team of extraordinarily talented, idealistic insiders who understood exactly what they were building. This episode examines the four members of his inner circle who pleaded guilty and cooperated with the government, and asks a harder question than who knew what: why, for as long as they did, none of them stopped it. What they saw, what they told themselves, and what they finally handed to federal prosecutors reveals something deeply unsettling about the architecture of belief that held the whole structure together.