Cryptomania : hype, hope, and the fall of FTX's billion-dollar fintech empire / Andrew R. Chow.
Publisher: New York : Simon Acumen, ©2024Edition: First Simon Acumen hardcover editionDescription: 404 pages illustrations ; 24 cmContent type:- text
- unmediated
- volume
- 9781668038161
- HG1710.3 .C467 2024
BOOKS
| Current library | Home library | Call number | Status | Barcode | |
|---|---|---|---|---|---|
| Alfaisal University On Shelf | Alfaisal University On Shelf | HG1710.3 .C467 2024 (Browse shelf(Opens below)) | Available | AU00000000020713 |
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| HG1710 .W47 2018 The blockchain and the new architecture of trust / | HG1710 .W5584 2019 Blockchain : | HG1710.3 .C45 2023 Data money : inside cryptocurrencies, their communities, markets, and blockchains / | HG1710.3 .C467 2024 Cryptomania : hype, hope, and the fall of FTX's billion-dollar fintech empire / | HG1710.3 .C77 2023 Crypto. | HG1710.3 .F38 2023 Number go up : | HG1710.3 .H69 2023 Let them eat crypto : the blockchain scam that's ruining the world / |
Includes bibliographical references (pages 319-387) and index.
Prologue -- Introduction -- Part I: The idealists. Gas money -- A chance to be free -- Down the rabbit hole -- Earn to give -- A piece of history -- Losers' club -- Planet of the apes -- Casino with a view -- Million-dollar man -- Part II: The kingpin. The traditional buyer -- Dead simple arbitrage -- FTX -- Shitcoins -- Sam's APE SZN -- Total rug -- Philanthropist and colonizer -- Playing games -- The world's riches twenty-nine-year-old -- Island boy -- NFTs for good -- Part III: The power struggle. Vitalik's warning -- Christine and Amy -- Axie fatigue -- Sam pays off the umpires -- More Veep than West Wing -- "FTX will always be there" -- Trouble in paradise -- Coronation -- Part IV: The fall. Have fun staying poor -- Bulletproof? -- Crypto's J.P. Morgan -- We're not all gonna make it -- The "next level" alliance -- Vitalik's breakthrough -- Unknown unknowns -- Withdrawals -- Doomscrolling -- House arrest -- One last roulette spin -- Mania at work -- Epilogue: Zuzalu.
"As cryptocurrency rose in popularity during the pandemic, new converts bought into the idea that crypto would not only make them rich, but would usher in imminent revolutions across art, finance, politics, and gaming. Cryptocurrency caught the zeitgeist through figures like FTX CEO Sam Bankman-Fried, who only two years later would be convicted of one of the most calamitous acts of financial fraud in US history. During his meteoric rise, Sam Bankman-Fried outflanked idealists in the movement like Vitalik Buterin, who sought to build fairer, more democratic systems through Ethereum. Bankman-Fried pursued a growth-obsessed, by-any-means approach to crypto, which proved seductive to those who just wanted to get rich. But this Silicon Valley-like approach also drove the creation of a spate of high-risk financial instruments that mirrored those of the 2008 financial crisis. Accused of misleading investors and mishandling funds, Bankman-Fried became a target of prosecutors. Now, Cryptomania unfolds the tumultuous twenty months inside this male-dominated, overhyped industry that led to its downfall. Drawing on exclusive reporting and an extensive network in the global NFT community, Andrew Chow chronicles the battle for crypto's soul, and the human toll of its economic meltdown--from the conmen and eccentrics driving the bubble to the victims caught in its burst"--

