Sbf: How the Ftx Bankruptcy Unwound Crypto's Very Bad Good Guy - Hardcover

by Brady Dale (Author)

A first-hand look at the extraordinary collapse of FTX, Alameda Research, and Sam Bankman-Fried

In SBF: How the FTX Bankruptcy Unwound Crypto's Very Bad Good Guy, accomplished crypto reporter Brady Dale presents an engrossing take on the spectacular and sudden implosion of FTX, Alameda Research, and their associated companies, as well as the criminal indictments of Sam Bankman-Fried and several of his associates. In the book, you'll go beyond the salacious details and tawdry gossip to grasp the real lessons to be learned from one of the most dramatic corporate failures in living memory.

The author explores:

• The often-confusing world of cryptocurrency and decentralized finance, offering a deep understanding of both industries
• The history of Sam Bankman-Fried, what smart money players had to say about him in 2019 and 2020, and why many decentralized finance professionals considered him a "pirate" even before FTX and Alameda blew up
• What the aggressive lobbying campaigns waged by FTX and Sam Bankman-Fried reveal about the latter's motives and goals

An extraordinary account of almost unimaginable wealth, greed, and hubris, SBF is a can't-miss account of a fascinating corporate tragedy that continues to unfold to this very day.

Front Jacket

In SBF: How The FTX Bankruptcy Unwound Crypto's Very Bad Good Guy, crypto reporting veteran Brady Dale delivers a fascinating treatment of the rise and fall of Sam Bankman-Fried and his companies, including the FTX crypto-currency exchange and Alameda Research. In the book, you'll find more than a story of unimaginable wealth, greed, and fraud. You'll discover the true lessons of the SBF story, gain a deep understanding of the oft-confusing world of crypto, explore the opportunities and challenges inherent in the industry, and--if you choose--get ready to profitably ride the next bull and bust cycle.

The author explores why Sam Bankman-Fried was considered by many to be such a talented trader, and how he built the early funds that allowed him to launch FTX in the wake of Alameda Research's success. He also describes SBF's first taste of public leadership in the form of the (very weird) story of SushiSwap and Uniswap.

You'll find out about the decentralized finance industry, what it hopes to accomplish, and how SBF and his companies came to be seen as "pirates" in that space long before the foundations of FTX showed external signs of strain. Finally, you'll examine what the aggressive political lobbying campaigns waged by FTX and Sam Bankman-Fried reveal about the character and motives that drove SBF.

An engrossing and timely exploration of one of the most spectacular crypto implosions in recent memory, SBF will earn a place on the bookshelves of anyone interested in how technology is changing society, as well as those following cryptocurrency investing and speculation. It's an opportunity to learn from history before it inevitably repeats itself.

Back Jacket

PRAISE FOR SBF

"An astonishing, detail-rich account of the strangest, most bizarre story in crypto (which is really saying something). A must-read for anyone hypnotized by the Sam Bankman-Fried saga from a veteran crypto journalist."
--PJ VOGT, Reply All podcast and Weekly podcast

"As a crypto obsessive, I thought I already knew this story -- but it turns out that was just the tip of the iceberg. Dale takes you inside the fraud in a way that's both illuminating for people like me who work in the industry and approachable for outsiders. Next time someone asks me to explain what happened at FTX, I will simply refer them to this timely and in-depth account."
--AARON LAMMER, Co-founder of Longform.org, host of the Exit Scam podcast

Bitcoin was born from the disaster of 2008's financial crisis, and that led the world here. SBF: How The FTX Bankruptcy Unwound Crypto's Very Bad Good Guy is a singularly insightful and of-the-moment discussion of one of the most spectacular corporate failures in recent memory: the bankruptcy of FTX and Alameda Research and the criminal indictments of several of its leaders, including Sam Bankman-Fried.