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The George Polk Awards' Financial Reporting award went to Ian Allison and Tracy Wang of the digital currency news source CoinDesk for stories that brought young Sam Bankman-Fried and his supposed $32 billion crypto currency empire crashing down in just 10 days. Allison exposed suspicious dealings between two entities Bankman-Fried controlled and Wang portrayed the indulgent lifestyle of those in his inner circle, causing the cyberspace equivalent of a run on the bank and leading to bankruptcy and extensive federal charges of fraud.
The George Polk Awards were established in 1949 by Long Island University (LIU) to commemorate George Polk, a CBS correspondent murdered in 1948 while covering the Greek civil war. The awards, which place a premium on investigative and enterprising reporting that gains attention and achieves results, are conferred annually to honor special achievement in journalism.
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