When does a philosophy become a conspiracy? <Stealing the Future< is the first book to tell the true and full story of Sam Bankman-Fried and his historic crimes. It chronicles the $11 billion FTX fraud with the detail and nuance of a financial fraud expert and cryptocurrency insider – but unlike any book before it, it also traces the ideas that enabled the crime. “Effective Altruism” and related tendencies, such as longtermism and transhumanism, remain dangerously influential in today’s Silicon Valley. Despite Bankman-Fried’s pose as a cuddly liberal philanthropist, they are now center stage in the global rise of the far right, and also lie at the heart of OpenAI, the tech darling that took FTX’s place as the face of the future.

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David Z. Morris is one of the most respected and longstanding journalists covering cryptocurrency. He was part of the team at CoinDesk that exposed and brought down Sam Bankman-Fried. As a staff writer at Fortune he coveredTesla and a variety of tech firms, and has written about technology for The Atlantic, Slate, and Aeon.

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When does a philosophy become a conspiracy?

In 2024, Sam Bankman-Fried — once hailed as the future of finance and one of the richest men in America — was sentenced to 25 years in prison for stealing $11 billion and collapsing over a hundred companies. Stealing the Future is the inside story of that unraveling, told by a member of the CoinDesk team that first broke the case.

But this is more than a true crime story.

It’s a journey into the tangled web of tech-utopianism, libertarian idealism, and the seductive ideologies of Silicon Valley — from Effective Altruism to transhumanism — that helped cloak one of the biggest financial frauds of the 21st century.

As these philosophies increasingly fuel the global far right, Stealing the Future asks: what happens when abstract theories gain real power — and who’s really paying the price?