Cryptomania
Hype, Hope, and the Fall of FTX's Billion-Dollar Fintech Empire
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Narrated by:
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Eric Yang
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By:
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Andrew R. Chow
About this listen
For fans of Bad Blood and Too Big to Fail, an explosive, thrilling account of one of the largest financial frauds in US history, chronicling the utopian promises, human collateral, and incineration of billions of dollars in the 2022 crypto crash, by Time magazine’s technology correspondent.
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.
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The Spider Network
- The Wild Story of a Math Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial History
- By: David Enrich
- Narrated by: Mike Chamberlain
- Length: 15 hrs and 31 mins
- Unabridged
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Overall
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Performance
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Story
In 2006, an oddball group of bankers, traders and brokers from some of the world's largest financial institutions made a startling realization: Libor - the London interbank offered rate, which determines the interest rates on trillions in loans worldwide - was set daily by a small group of easily manipulated functionaries, and that they could reap huge profits by nudging it to suit their trading portfolios.
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Does anyone "proofread" the audio book?
- By Gracie on 07-04-18
By: David Enrich
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Number Go Up
- Inside Crypto's Wild Rise and Staggering Fall
- By: Zeke Faux
- Narrated by: Dan Bittner
- Length: 9 hrs and 48 mins
- Unabridged
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Overall
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Performance
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Story
In 2021 cryptocurrency went mainstream. Giant investment funds were buying it, celebrities like Tom Brady endorsed it, and TV ads hailed it as the future of money. Hardly anyone knew how it worked—but why bother with the particulars when everyone was making a fortune from Dogecoin, Shiba Inu, or some other bizarrely named “digital asset”? As he observed this frenzy, investigative reporter Zeke Faux had a nagging question: Was it all just a confidence game of epic proportions? What started as curiosity—with a dash of FOMO—would morph into a two-year globe-spanning quest.
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Phenomenal story
- By Michael on 10-05-23
By: Zeke Faux
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Easy Money
- Cryptocurrency, Casino Capitalism, and the Golden Age of Fraud
- By: Ben McKenzie, Jacob Silverman - contributor
- Narrated by: Ben McKenzie
- Length: 10 hrs and 33 mins
- Unabridged
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Overall
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Performance
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Story
From a famous actor and an experienced journalist, a wildly entertaining debunking of cryptocurrency, one of the greatest frauds in history and on course for a spectacular crash.
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Informative and entertaining dive into crypto land
- By Uncle Fester on 07-21-23
By: Ben McKenzie, and others
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Crypto Crackup
- Sam Bankman-Fried, FTX, and SBF's Weird Island Empire
- By: Ash Bennington, Elizabeth Bachmann, Artur Osinski
- Narrated by: Tim Fannon
- Length: 9 hrs and 54 mins
- Unabridged
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Overall
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Performance
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Story
Sam Bankman-Fried—better known as SBF—was at the top of the world and lauded as a leading figure in cryptocurrency, an industry whose popularity has exploded over the past few years. He was being compared to the legendary financier J.P. Morgan and sometimes even rumored to have the potential to become the world’s first trillionaire. He built a crypto empire with trading firm Alameda Research and crypto exchange FTX, which became one of the world’s largest. He attracted leading investors and walked the corridors of power in Congress. Then, seemingly within days, everything collapsed.
By: Ash Bennington, and others
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Money Men
- A Hot Startup, A Billion Dollar Fraud, A Fight for the Truth
- By: Dan McCrum
- Narrated by: Dan McCrum
- Length: 13 hrs and 3 mins
- Unabridged
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Overall
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Performance
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Story
When investigative journalist Dan McCrum first came across Wirecard, the hot new tech company that looked poised to challenge Silicon Valley, it all looked a little too good to be true: offices were sprouting up all over the world, and they were reporting runaway growth. In the space of a few short years, the company had come from nowhere to overtake industry giants like Commerzbank and Deutsche Bank on the stock market. As McCrum began to dig deeper, he encountered a story stranger and more compelling than he could have imagined.
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Interesting book but…
- By Rock Climber on 06-11-23
By: Dan McCrum
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Crypto Confidential
- Winning and Losing Millions in the New Frontier of Finance
- By: Nathaniel Eliason
- Narrated by: Nathaniel Eliason
- Length: 8 hrs and 1 min
- Unabridged
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Overall
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Performance
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Story
Nat Eliason had six months to make as much money as possible before his first child was born. So, he turned to where countless others did in 2021: Crypto. Crypto Confidential is Nat's insider's account of the hyperactive, hyper-speculative, hyper-addictive, nearly unregulated, completely insane world being built on the blockchain. A behind-the-scenes exposé of the bull runs and breakdowns, revealing exactly how the crypto-sausage gets made. A story of getting rich, going broke, scamming and getting scammed—and how we can all be more educated participants during the inevitable next bull run.
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Couldn't put it down!
- By Thomas Plaatsman on 07-15-24
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The Spider Network
- The Wild Story of a Math Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial History
- By: David Enrich
- Narrated by: Mike Chamberlain
- Length: 15 hrs and 31 mins
- Unabridged
-
Overall
-
Performance
-
Story
In 2006, an oddball group of bankers, traders and brokers from some of the world's largest financial institutions made a startling realization: Libor - the London interbank offered rate, which determines the interest rates on trillions in loans worldwide - was set daily by a small group of easily manipulated functionaries, and that they could reap huge profits by nudging it to suit their trading portfolios.
-
-
Does anyone "proofread" the audio book?
- By Gracie on 07-04-18
By: David Enrich
-
Number Go Up
- Inside Crypto's Wild Rise and Staggering Fall
- By: Zeke Faux
- Narrated by: Dan Bittner
- Length: 9 hrs and 48 mins
- Unabridged
-
Overall
-
Performance
-
Story
In 2021 cryptocurrency went mainstream. Giant investment funds were buying it, celebrities like Tom Brady endorsed it, and TV ads hailed it as the future of money. Hardly anyone knew how it worked—but why bother with the particulars when everyone was making a fortune from Dogecoin, Shiba Inu, or some other bizarrely named “digital asset”? As he observed this frenzy, investigative reporter Zeke Faux had a nagging question: Was it all just a confidence game of epic proportions? What started as curiosity—with a dash of FOMO—would morph into a two-year globe-spanning quest.
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Phenomenal story
- By Michael on 10-05-23
By: Zeke Faux