Number go up : inside crypto's wild rise and staggering fall

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  • Author: Faux, Zeke
    Summary:

    The "rollicking" (The Economist), "masterfully written" (The Washington Post) account of the crypto delusion, and how Sam Bankman-Fried and a cast of fellow nerds and hustlers turned useless virtual coins into trillions of dollars — hailed by Ezra Klein in The New York Times as one of the "Books That Explain Where We Are." Finalist — the Edgar Award (Fact Crime), the Macavity Award (Nonfiction), the Porchlight Business Book Award, the SABEW Best in Business Book Award. A best book of the year — The New York Times DealBook, The Washington Post, Los Angeles Times, Financial Times, The Globe and Mail, Irish Examiner, Morningstar, The Verge, Wired. In 2021 cryptocurrency went mainstream. Giant investment funds were buying it, celebrities like Tom Brady endorsed it, and TV ads hailed it as the future of money. Hardly anyone knew how it worked — but why bother with the particulars when everyone was making a fortune from Dogecoin, Shiba Inu, or some other bizarrely named "digital asset"? As he observed this frenzy, investigative reporter Zeke Faux had a nagging question: Was it all just a confidence game of epic proportions? What started as curiosity — with a dash of FOMO — would morph into a two-year, globe-spanning quest to understand the wizards behind the world's new financial machinery. Faux's investigation would lead him to a schlubby, frizzy-haired twenty-nine-year-old named Sam Bankman-Fried (SBF for short) and a host of other crypto scammers, utopians, and overnight billionaires. Faux follows the trail to a luxury resort in the Bahamas, where SBF boldly declares that he will use his crypto fortune to save the world. Faux talks his way onto the yacht of a former child actor turned crypto impresario and gains access to "ApeFest," an elite party headlined by Snoop Dogg, by purchasing a

    Genre: Business and economics, True crime stories
    Original Publisher: New York , Crown Currency , New York , Currency
    Language(s): English
    ISBN:

    9780593443828

Details

Abstract

The "rollicking" (The Economist), "masterfully written" (The Washington Post) account of the crypto delusion, and how Sam Bankman-Fried and a cast of fellow nerds and hustlers turned useless virtual coins into trillions of dollars — hailed by Ezra Klein in The New York Times as one of the "Books That Explain Where We Are." Finalist — the Edgar Award (Fact Crime), the Macavity Award (Nonfiction), the Porchlight Business Book Award, the SABEW Best in Business Book Award. A best book of the year — The New York Times DealBook, The Washington Post, Los Angeles Times, Financial Times, The Globe and Mail, Irish Examiner, Morningstar, The Verge, Wired. In 2021 cryptocurrency went mainstream. Giant investment funds were buying it, celebrities like Tom Brady endorsed it, and TV ads hailed it as the future of money. Hardly anyone knew how it worked — but why bother with the particulars when everyone was making a fortune from Dogecoin, Shiba Inu, or some other bizarrely named "digital asset"? As he observed this frenzy, investigative reporter Zeke Faux had a nagging question: Was it all just a confidence game of epic proportions? What started as curiosity — with a dash of FOMO — would morph into a two-year, globe-spanning quest to understand the wizards behind the world's new financial machinery. Faux's investigation would lead him to a schlubby, frizzy-haired twenty-nine-year-old named Sam Bankman-Fried (SBF for short) and a host of other crypto scammers, utopians, and overnight billionaires. Faux follows the trail to a luxury resort in the Bahamas, where SBF boldly declares that he will use his crypto fortune to save the world. Faux talks his way onto the yacht of a former child actor turned crypto impresario and gains access to "ApeFest," an elite party headlined by Snoop Dogg, by purchasing a

Genre
Business and economics
True crime stories
Publisher (Source)

New York

Crown Currency

New York

Currency

Not specified

Record