Number Go Up
Inside Crypto's Wild Rise and Staggering Fall
by Zeke Faux
In 2021, cryptocurrency went mainstream. Giant investment funds poured billions, A-list celebrities promoted alt-coins to followers, and one hundred million ordinary people downloaded apps. Then it all came crashing down. Zeke Faux, an investigative reporter at Bloomberg, was there for all of it.
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Jim's Review
Faux is the journalist who broke the Tether story and spent the 2021 crypto bubble interviewing every grifter and true believer he could find — including Sam Bankman-Fried in the Bahamas, weeks before the FTX collapse. This is the schadenfreude book, and it's an absolute page-turner. The chapters on Cambodian pig-butchering scams, Tether's mystery reserves, and SBF's parenting are the most damning crypto reporting in print. Five worms — but read it together with The Bitcoin Standard for balance. Both the bull case and the bear case are partly true.
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