9781785120992_

Hype Machine: How Greed, Fear and Free Money Crashed Crypto is the definitive take on the crypto boom and bust of the last half-decade. Expansive, compelling, nuanced and eminently entertaining, it explains and de-mystifies the cult of crypto by following the trajectory of its most enigmatic and magnetic of participants, Sam Bankman-Fried.

This 30-year old, self-trained and unproven Californian had ridden the crypto wave by convincing professionals and amateurs alike to invest billions upon billions into his fund. He was feted by celebrities as well as smart investors and small family funds. And then the bubble burst.

Financial Times journalist Joshua Oliver introduces readers to the people and ideas that made SBFs remarkable trajectory happen and reveals the hype machine that allowed him to flourish. Through compelling research and incendiary exclusive interviews with an extensive network of sources in London, New York, the Bahamas and California - including crypto veterans, executives, former employees and the trailblazers who shaped the markets - Oliver paints a vivid, detailed and often absurd picture that has never been seen before.

Hype Machine is a bravura, must-read account of the defining financial moment of our times.

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On 2 November 2023, in one of the largest fraud trials in history, Sam Bankman-Fried was found guilty of stealing billions of dollars from the customers of his crypto-exchange, FTX.

How did this 31-year-old Californian in flip-flops, board shorts and a T-shirt manage to become one of the most famous CEOs in the world? How did greed, fear and free money inflate the crypto bubble until it finally popped with devastating consequences for millions of people who lost money in the crash? Who were the enablers, investors and innovators who transformed the original promise of crypto into a digital Wild West?

Hype Machine is the definitive story of the boom and bust of crypto, written by award-winning Financial Times journalist Joshua Oliver. Expansive, nuanced and eminently entertaining, it demystifies the crypto circus by following the journeys of its most influential participants and the trajectory of SBF, its enigmatic ringmaster.

Oliver, who reported on the crypto crash with extensive access to SBF himself, introduces listeners to the people and ideas that shaped cryptos wild rise and fall, including Arthur Hayes, Changpeng Zhao and the coterie of acolytes who surrounded FTX. Through exclusive interviews, compelling research and with ringside seats at the trial of the decade, he paints a vivid, detailed and tragi-comic picture of this defining financial moment of our times.

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Hype Machine: Inside the Cult of Crypto

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