Number Go Up: Inside Crypto’s Wild Rise and Staggering Fall
By Zeke Faux
Recommended on: 21st November 2023
Number Go Up: Inside Crypto’s Wild Rise and Staggering Fall, by Zeke Faux. We’ve been riveted by the story of Sam Bankman-Fried, the erstwhile crypto king. Basically, Bankman-Fried’s story has it all. Loving, Stanford-trained parents who are lawyers—with his mother an expert in ethics? Check. A degree in physics with a minor in math from MIT? Check. Founds what becomes one of the biggest crypto companies in the world? Check. Makes listeners swoon as he tells how he’s going to give all his earnings to charity, even as he lives a life of luxury? Check. Arrested for “wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy, and money laundering” in what has been described as one of the biggest financial frauds of all time? Check. His own arrogant testimony seals his conviction? Check.
But we were looking for a bigger picture than just Bankman-Fried. How did crypto arise? How could someone like Bankman-Fried get away with so much? Are there other crooks out there scamming the unsuspecting public using similar approaches? Faux’s book gives a witty, clear-eyed overview of the world of cryptocurrency. If you’re interested in crypto (or even if you’re not), this book is well-worth the read.
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