Brady Dale
SBF
How The FTX Bankruptcy Unwound Crypto's Very Bad Good Guy
Wiley, 2023
What's inside?
Follow the twisted saga of FTX – Sam Bankman-Fried’s cryptocurrency exchange – from boom to bankruptcy.
Recommendation
The saga of Sam Bankman-Fried, known as “SBF,” is a cautionary tale centered in either the still-emerging or the now-collapsing universe of cryptocurrency. SBF and his team’s secret machinations drove their crypto exchange, FTX, into bankruptcy – but it failed only after their dealings came to light. Friedman also co-founded the trading firm Alameda Research, which lost money investing FTX customers’ funds without their knowledge. Alameda also accumulated more FTX exchange tokens than it could sell without deflating their value. Axios journalist Bill Daley details the events that led to SBF’s indictment, incarceration and trial, although his engrossing book ends before Friedman’s conviction, handed down on Nov. 2, 2023.
Summary
About the Author
Axios cryptocurrency reporter Brady Dale is a co-writer of the Axios Crypto newsletter.
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