ISBN:
9781394196074
,
1394196075
,
9781394196081
,
1394196083
,
9781394196067
Language:
English
Pages:
1 online resource (xviii, 332 pages)
,
color illustrations
Parallel Title:
Erscheint auch als
DDC:
332.092
Keywords:
Bankman-Fried, Sam
;
FTX (Firm)
;
Cryptocurrencies
;
Financial services industry Corrupt practices
;
Bankruptcy
;
Fraud
;
Bankruptcy
;
Cryptocurrencies
;
Financial services industry ; Corrupt practices
;
Fraud
;
United States
Abstract:
"History keeps teaching one lesson that no one wants to learn: the guys out to save the world have a way of blowing it up. Satoshi Nakamoto created bitcoin to take all the tinkering out of the finance system, but then somehow in 2022 the blockchain industry's poser boy became a quant from Jane Street hellbent on tinkering with money and eventually everything else. Sam Bankman-Fried (or SBF), the co-founder of the trading firm Alameda Research and the exchange FTX, became a leader in the crypto industry as decentralized finance exploded in 2020. He became famous as his firm splashed money on sports stadiums and Super Bown ads during the bull run that began in 2021, all while promising to drive his piles of wealth into making the world a better place. He became infamous when his $19 billion empire came crashing down over one week in November 2022. Now under house arrest after posting $250 million in bail, the final verdict on SBF is a story still to be told. It's probably for the best that he's not even going to be able to tinker with money again for a while"--
Note:
Includes bibliographical references and index. - Description based on online resource; title from digital title page (viewed on May 30, 2023)
