There is one caveat: if someone acting on behalf on an EA organisation truly did something wrong which contributed to this fraud, then obviously we need to investigate that. But I am not aware of any evidence to suggest that happened.
I tend to think EA did. Back in September 2023, I argued:
EA contributed to a vast financial fraud, through its:
People. SBF was the best-known EA, and one of the earliest 1%. FTX’s leadership was mostly EAs. FTXFF was overwhelmingly run by EAs, including EA’s main leader, and another intellectual leader of EA.
Resources. FTX had some EA staff and was funded by EA investors.
PR. SBF’s EA-oriented philosophy on giving, and purported frugality served as cover for his unethical nature.
Ideology. SBF apparently had an RB ideology, as a risk-neutral act-utilitarian, who argued a decade ago why stealing was not in-principle wrong, on Felicifia. In my view, his ideology, at least as he professed it, could best be understood as an extremist variant of EA.
Of course, you can argue that contributing (point 1) people-time and (2) resources is consistent with us having just been victims, although I think that glosses over the extent to which EA folks at FTX had bought into Sam’s vision, and folks at FTXFF might have more mildly lapsed in judgment. And we could regard (3) the PR issue as minor. But even so, (4) the ideology is important. FTX wasn’t just any scam. It was one that a mostly-EA group was motivated to commit, to some degree or other, based on EA-style/consequentialist reasoning. There were several other instances of crypto-related crimes in and around the EA community. And the FTX implosion shared some characteristics with those events, and with other EA scandals. As I argued:
Other EA scandals, similarly, often involve multiple of these elements:
[Person #1]: past sexual harassment issues, later reputation management including Wiki warring and misleading histories. (norm-violation, naive conseq.) [Person #2]: sexual harassment (norm-violation? naive conseq?) [Person #3] [Person #4] [Person #5]: three more instances of crypto crimes (scope sensitivity? Norm-violation, naive conseq.? naivete?) Intentional Insights: aggressive PR campaigns (norm-violation, naive conseq., naivete?) Leverage Research, including partial takeover of CEA (risk appetite, norm-violation, naive conseq, unilateralism, naivete) (We’ve seen major examples of sexual misbehaviour and crypto crimes in the rationalist community too.)
You could argue still that some of these elements are things that are shared with all financial crime. But then why have EAs committed >10% of the largest financial frauds of all-time, while consisting of about one millionth of the world’s population, and less than 0.1% and perhaps 0.01% of its startups? You can suppose that we were just unlucky, but I don’t find this particularly convincing.
I think that at this point, you should want to concede that EA appears to have contributed to FTX in quite a number of ways, and not all of them can be dismissed easily. That’s why I think a more thorough investigation is needed.
As for PR, I simply think that shouldn’t be the primary focus, and that it far from the most important consideration on the current margin. First, we need to get the facts in order. And then we need to describe the strategy. And then based on what kind of future EA deserves to have, we could decide how and whether to try to defend its image.
I tend to think EA did. Back in September 2023, I argued:
Of course, you can argue that contributing (point 1) people-time and (2) resources is consistent with us having just been victims, although I think that glosses over the extent to which EA folks at FTX had bought into Sam’s vision, and folks at FTXFF might have more mildly lapsed in judgment. And we could regard (3) the PR issue as minor. But even so, (4) the ideology is important. FTX wasn’t just any scam. It was one that a mostly-EA group was motivated to commit, to some degree or other, based on EA-style/consequentialist reasoning. There were several other instances of crypto-related crimes in and around the EA community. And the FTX implosion shared some characteristics with those events, and with other EA scandals. As I argued:
You could argue still that some of these elements are things that are shared with all financial crime. But then why have EAs committed >10% of the largest financial frauds of all-time, while consisting of about one millionth of the world’s population, and less than 0.1% and perhaps 0.01% of its startups? You can suppose that we were just unlucky, but I don’t find this particularly convincing.
I think that at this point, you should want to concede that EA appears to have contributed to FTX in quite a number of ways, and not all of them can be dismissed easily. That’s why I think a more thorough investigation is needed.
As for PR, I simply think that shouldn’t be the primary focus, and that it far from the most important consideration on the current margin. First, we need to get the facts in order. And then we need to describe the strategy. And then based on what kind of future EA deserves to have, we could decide how and whether to try to defend its image.