The Devil Takes Bitcoin: Cryptocurrency Crimes and the Japanese Connection
About this ebook
Even in hell, Bitcoin talks. This modern take on an old Japanese saying still holds true. Cryptocurrency was supposed to do for money what the internet did for information, but it didn’t work out that way. Its virtual existence unleashed real-world chaos — especially in the homeland of its mysterious creator, Satoshi Nakamoto. Tokyo was the centre of the world’s largest bitcoin exchange, Mt. Gox, until that company collapsed with nearly half a billion dollars’ worth of bitcoin gone missing. It might be the greatest heist in history. If it was a heist.
So what really happened? Here’s the true story of the humble-to-hot commodity, from the former geek website that launched the boom to an inside world of absent-minded CEOs, hucksters, hackers, cybercrooks, drug dealers, corrupt federal agents, evangelical libertarians, and clueless techies. You’ll discover Bitcoin’s connection to the infamous Silk Road, learn why hell has nothing on Japan’s criminal justice system, and get the lowdown on the high cost of betting with the Devil’s dollars. All of this for less than the price of a single bitcoin.
About the author
Jake Adelstein has been an investigative journalist in Japan since 1993, writing in Japanese and English. He authored Tokyo Vice (now an HBO series), The Last Yakuza (2023), and Tokyo Noir (2024). He co-hosted the award-winning podcast The Evaporated: Gone with the Gods. A recognised expert on Japan’s organised crime, he’s reported for The Daily Beast, Los Angeles Times, Tempura, and VICE. He is also a low-ranking Zen Buddhist priest, trying hard to be kinder and occasionally exorcising hungry ghosts. Adelstein frequently appears as a commentator on Japanese crime and culture, working as a writer and consultant.
