It seems, in the absence of evidence to the contrary, the people running this fund (with the stated founding mission of furthering EA) were seeking to enrich themselves personally. Sam Bankman-Fried took a $1,000,000,000 loan from Alameda, and members of the company used corporate funds to purchase personal real estate. This may be a net negative to EA causes as it could influence members of the public to question the motives of future earn-to-give endeavors, well intentioned or not. https://twitter.com/GRDecter/status/1593272157907320832
It seems, in the absence of evidence to the contrary, the people running this fund (with the stated founding mission of furthering EA) were seeking to enrich themselves personally. Sam Bankman-Fried took a $1,000,000,000 loan from Alameda, and members of the company used corporate funds to purchase personal real estate. This may be a net negative to EA causes as it could influence members of the public to question the motives of future earn-to-give endeavors, well intentioned or not. https://twitter.com/GRDecter/status/1593272157907320832
https://www.wsj.com/articles/ftxs-sam-bankman-fried-cashed-out-300-million-during-funding-spree-11668799774