The harrowing, highly entertaining inside chronicle of how FTX founder Sam Bankman-Fried and a cast of fellow nerds and hustlers convinced the world to send trillions of dollars of real money to buy useless virtual coins--from a After years on the financial worlds margins, crypto went mainstream in 2021. Giant investment funds were buying it, celebrities like Tom Brady and Justin Bieber endorsed it, and Washington bigwigs debated new regulations. It seemed like everyone knew someone who was bragging about their returns from Bitcoin, Ethereum, Dogecoin and other bizarrely named digital assets. FOMO spread: Was crypto the new path to financial freedom? Unspoken was that hardly anyone knew how it worked. To borrow a phrase from crypto parlance, the only thing that mattered was number go up.
Observing this mania, Zeke Faux decided to embark on a quest to pull back the curtain on the wizards behind this new financial machinery. He first sets his sights on Tether, a digital currency dreamed up by a former child actor from the 1992 Disney film
