Learning English

'King of Crypto' charged with fraud

The CEO of the cryptocurrency exchange FTX, Sam Bankman-Fried, has been arrested and charged with fraud

Vidiyoo daawwadhuuti shaakala kana xumuri

Image: Getty images

NEWS REVIEW PODCAST NOW AVAILABLE - SUBSCRIBE HERE

_______________________________________________________________________________________________________________

Did you like that? Why not try these?

• 'Goblin mode': Word of the year
• Vegan diet protects men from cancer
• World population reaches 8 billion

_____________________________________________________________________________________________________________

The story  

3.1 billion dollars.

That's how much the cryptocurrency exchange company FTX owes to its 50 largest investors.

Sam Bankman-Fried, the founder and CEO, has been arrested and charged with fraud.

He's accused of transferring FTX money to his own hedge fund.

Key words and phrases

file
make something official by law

• The company have no more money so they are filing for bankruptcy.
• Ahmed and Mila have filed for divorce – they couldn't make the relationship work.

rise and fall
success and then failure of a person, organisation or thing

• What are you reading? The Rise and Fall of the Dinosaurs.
• The rise and fall of DVDs: why no-one buys them now.

white knight
someone or something that helps others

• They were saved by a white knight who bought the company.
• The donation was a white knight for the charity.

To do

Try our quiz to test yourself on today's language.

Downloads

You can download the audio and PDF document for this episode.

More

We hope you enjoyed News Review. You can find more episodes here.