The Rise and Fall of Crypto: Insights from Bloomberg's Zeke Fox

Zeke Fox, the author of 'Number Go Up,' discusses the rise and fall of cryptocurrency in a podcast episode. He emphasizes the shady characters and bizarre events surrounding the industry, such as the involvement of former child actor Brock Pierce and the controversial Tether coin. Tether, referred to as the central bank of crypto, has raised red flags due to lawsuits and scandals, yet it continues to thrive. Fox also delves into the dark side of crypto, including pig butchering scams and illicit activities associated with the use of Tether. He also narrates his experiences at Ape Fest, a gathering of NFT enthusiasts that unfolded during the collapse of crypto prices. Overall, the episode provides a comprehensive overview of the crypto world, highlighting its eccentricities, controversies, and potential for financial fraud.