Why Sam Bankman-Fried Was Doomed To Fail: The Scam of Effective Altruism
Sam Bankman-Fried defrauded normal people out of $10 billion.
He has been found guilty of all seven charges against him, and he faces a maximum sentence of 115 years in prison.
But Sam Bankman-Fried was also an Effective Altruist. He donated 50% of his salary to others in need.
He earned to give.
So, how did he steal it all?
How did someone who had supposedly dedicated their whole life to the benefit of others commit “one of the biggest financial crimes in US history”?
And why, most importantly, was it all inevitable?
Sam Bankman-Fried was the most effective altruist of them all. Find out why.
What Happened?
I will keep this part as brief as possible. If you want a full in-depth economic analysis, look elsewhere.
But, put simply, Sam Bankman-Fried was the founder of FTX, a cryptocurrency…
