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Number Go Up: Inside Crypto s Wild Rise and Staggering Fall

Zeke Faux

8 Reviews

Rated 0

Corporate crime, Business strategy, International business, Online finance & investing

'The first great crypto book' (Oliver Bullough): this is the shocking, laugh-out-loud inside story of how FTX founder Sam Bankman-Fried and a cast of fellow nerds and hustlers created the world's biggest ever bubble, then burst it

BOOK OF THE YEAR FOR WIRED | LA TIMES | FINANCIAL TIMES | WASHINGTON POST | GLOBE AND MAIL

USED IN EVIDENCE IN THE TRIAL OF SAM BANKMAN-FRIED

In 2021, cryptocurrency goes mainstream. Giant investment funds are buying it. Politicians endorse it. TV ads hail it as the future of money. Hardly anyone knows how it works - who cares when everyone is getting rich? But financial crime reporter Zeke Faux cares: even in fraud, there are standards.

In the Bahamas, schlubby billionaire wunderkind Sam Bankman-Fried tells him how he will use his fortune to save the world. In Cambodia, a spam text unearths a horrifying slavery ring fuelled by crypto. Faux buys a $20,000 cartoon of a mutant ape to gain access to a festival headlined by Snoop Dogg, and talks his way onto the yacht of a riddling crypto founder/former child actor (The Mighty Ducks, 1992) who was among the first to see the power of imaginary treasure. In search of an elusive cash reserve at the foundation of the whole system, the incredulous Faux finds himself crossing three continents, as well as the boundaries of law, taste and economic rationality. Shocking and uproarious, Number Go Up is the essential chronicle of a $3 trillion delusion, the greatest bubble in history.

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Praise for Number Go Up: Inside Crypto s Wild Rise and Staggering Fall

  • Combines sharp analysis, intrepid reporting and punchy writing - Wall Street Journal

  • An excoriating attack on crypto and all who sail in her . . . It's enough to drive the observer slightly nuts. You can find that energy in Faux's funny, furious book - LRB

  • Faux demonstrates his incisive grasp of the story with the very first words of his prologue . . . In telling his story, Faux has one major advantage over [Michael] Lewis: almost from the start, he had crypto's number - LA Times

  • Boisterous and masterfully written . . . Faux's cast of misfits and con artists never fails to entertain - Washington Post

  • Offers a shrewdly sceptical view of crypto where [Michael Lewis's] Going Infinite is stubbornly credulous - New York Times

  • The superior guide to understanding the FTX debacle and Bankman-Fried himself . . . This is the strength of Number Go Up: it doesn't pretend there's something inside, just beyond our reach. Instead, Faux explores how flimsy the whole crypto industry really is - Wired

  • We were waiting for the first great crypto book and Zeke Faux has written it - Butler to the World

  • Essential reading for anyone who wants to understand the mass delusion that was crypto - The Smartest Guys in the Room

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