HK FTX Trading Ltd (Futures Exchange) – Page 30

FTX’s Collapse Casts a Pall on ‘Effective Altruism’ Movement

Sam Bankman-Fried, the chief executive of the embattled cryptocurrency exchange, was a proponent and donor of the “effective altruism” movement.

Though one of them failed and the other died rich, both of their careers make the case for central banks.

Researchers document $473 million in suspicious transfers from the cryptocurrency exchange.

Venture capital firms and investment funds showered the failed crypto exchange and its founder with money. There were few strings attached.

The announcement capped a stunning week that has sent shock waves through the crypto industry.