Sam Bankman-Fried's crypto empire abruptly collapsed last month. Now he's been charged with multiple counts of fraud. He's seen here speaking during a House Agriculture Committee hearing in May. Tom Williams/CQ-Roll Call via Getty Images hide caption

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Tom Williams/CQ-Roll Call via Getty Images

Sam Bankman-Fried's crypto empire abruptly collapsed last month. Now he's been charged with multiple counts of fraud. He's seen here speaking during a House Agriculture Committee hearing in May.

Tom Williams/CQ-Roll Call via Getty Images

Prosecutors say the former CEO of cryptocurrency giant FTX, Sam Bankman-Fried, defrauded investors and costumers for years, to the tune of billions of dollars. Bankman-Fried was arrested Monday night in the Bahamas, on an extradition request by American authorities.

NPR's David Gura unpacks the charges and the ongoing investigation into Bankman-Fried's activities at FTX.

And Wall Street Journal reporter Justin Baer discusses the role Bankman-Fried's influential parents – the legal scholars Joseph Bankman and Barbara Fried – played in the rise and fall of FTX.

In participating regions, you'll also hear a local news segment to help you make sense of what's going on in your community.

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This episode was produced by Connor Donevan, Karen Zamora and Seyma Bayram. It was edited by William Troop, Ashley Brown and Lisa Lambert. Our executive producer is Sami Yenigun.

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