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Sam Bankman-Fried funded the effective-altruist movement. Ever since the collapse of FTX and Alameda Research, the philanthropic movement’s signal fund has to sell its assets to pay back his victims.
Effective altruism has fallen on hard times.
The news comes after Sam Bankman-Fried was sentenced to 25 years in prison for fraud. He was also ordered to pay $11 billion in forfeiture.
A so-called effective altruism charity backed by the jailed cryptocurrency fraudster Sam Bankman-Fried is to shut down following the collapse of FTX.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero