-
The Crypto Con Years Aren’t Over Yet
The cryptocurrency bubble of 2021 and 2022 made fortunes for a few and lost fortunes for many. Crypto exchanges advertised at the Super Bowl. Murky shadow banks backed all manner of dubious enterprises. The gospel of the blockchain was promoted around the world on the basis of a number going up. 2023 produced numerous books that follow such phenomena. The most famous of the fraudsters—though far from the only one—was Sam Bankman-Fried of crypto exchange FTX. There seemed an obvious candidate to provide the definitive story of the crypto bubble. Michael Lewis, renowned author of The Big Short, was in the right ... (full story)