Easy Money

Cryptocurrency, Casino Capitalism, and the Golden Age of Fraud

304 pages

English language

Published Nov. 13, 2023 by Abrams, Inc..

ISBN:
978-1-4197-6639-8
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“Crypto is Vegas without the drinks, the dinner, or the show,” contend Gotham actor McKenzie and journalist Silverman (Terms of Service) in this zippy polemic. McKenzie recounts reading up on crypto during a Covid-induced lull in his acting career and coming to the conclusion that digital currencies are “akin to gambling” because, unlike shares in a company, crypto is “uncorrelated with any actual asset.” With Silverman, he examines major players in “one of the greatest frauds in history,” detailing how confidence men around the globe convinced ordinary people to make misguided investments that were wiped out after the spring 2022 crypto crash. The authors describe El Salvadoran president Nayib Bukele’s disastrous rollout of a fraud-ridden, government-sponsored platform for exchanging Bitcoin, Sam Bankman-Fried’s illegal strategy for artificially inflating the size of crypto exchange FTX, and South Korean entrepreneur Do Kwon’s fall from grace after his Luna currency lost around $40 billion …

2 editions