Going Infinite: The Rise and Fall of a New Tycoon

The spectacular collapse of the FTX cryptocurrency exchange and its eccentric billionaire founder Sam Bankman-Fried is sifted in this rollicking investigation. Bestseller Lewis (The Big Short) casts Bankman-Fried as a stranger-than-fiction figure with no social instincts (he had to train himself to display facial expressions when coworkers complained about his unchanging blank gaze), a gift for making complex financial trades with iffy data under severe time pressure, and a philosophy of “effective altruism” that prodded him to accumulate an 11-figure fortune in order to give it away to good causes. (One save-the-world project was offering Donald Trump money to not run for president in 2024, Lewis reports, a scheme that fizzled when Trump allegedly demanded a $5 billion payment.) Lewis’s narrative is a symphony of comedic discordance—a scene of Bankman-Fried frantically playing video games while Vogue editor Anna Wintour lobbies him to attend the Met Gala is a gem—that coalesces into a reconstruction of FTX’s labyrinthine bankruptcy. Striking a remarkably sympathetic tone, Lewis even implies Bankman-Fried was railroaded and his misdeeds blown out of proportion. (“From a distance, it became almost taboo to raise any doubts about the nature of Sam’s crime. Up close, it was hard not to have such doubts.”) The result is a vastly entertaining and sure to be debated saga of money-making at its weirdest. (Oct.)