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The Devil Takes Bitcoin

cryptocurrency crimes and the Japanese connection

Jake Adelstein

$35

Paperback

Forthcoming
Pre-Order now

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English
Scribe Publications
02 September 2025
The wild, true story of cyber-era commerce, crime, cold-hard cash, and one of the greatest heists in history.

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.

'The Devil Takes Bitcoin is a wild ride through the glitchy, glorious mess that is crypto history. Jake Adelstein connects the dots like a conspiracy theorist with actual receipts. Read it. Laugh. Cringe. Maybe even HODL (Hold on for dear life).' -Tigran Gambaryan, former IRS Special Agent also known as 'The Crypto Wizard'

'It is, of course, brilliant. A twisting, complex, international true-crime thriller involving Bitcoin, The Silk Road, and the cutting edge of Cryptocurrency malfeasance.' -David Hayter, award-winning screenwriter

Praise for Tokyo Noir- 'It might be packaged as a hard-boiled, gonzo tour through Japan's underworld, but this intricate tale keeps unfolding in unexpected ways ... It's tempting to call this story Chandleresque, but there's a depth of feeling and undercurrent of spiritual questing that goes beyond Chandler's remit.' -The Sydney Morning Herald
By:  
Imprint:   Scribe Publications
Country of Publication:   Australia
Dimensions:   Height: 1mm,  Width: 1mm, 
Weight:   1g
ISBN:   9781761381300
ISBN 10:   176138130X
Pages:   224
Publication Date:  
Audience:   General/trade ,  ELT Advanced
Format:   Paperback
Publisher's Status:   Forthcoming

Jake Adelstein was a reporter for the Yomiuri Shimbun, Japan's largest newspaper, from 1993 to 2005, and from 2006 to 2007 was the chief investigator for a US State Department-sponsored study of human trafficking in Japan. He is also the public relations director for the Washington, D.C.-based Polaris Project Japan, which combats human trafficking and the exploitation of women and children in the sex trade. Adelstein has written for The Daily Beast/Newsweek, The Independent, and The Guardian, and is a regular contributor to The Atlantic Wire. He has appeared on CNN, NPR, the BBC, and other media outlets as a commentator on yakuza-related news and Japan's nuclear industry giant, TEPCO.

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