BBC news article on Jeff Bezos, Sam Bankman-Fried, and EA

The following BBC news article was the first result for me on the 28th November, in the UK, when I typed ‘world news’ into Google.

Quotes that mention Sam Bankman Fried and EA:

The American bitcoin wunderkind Sam Bankman-Fried was one of the leading lights in a new philanthropy movement known as “Effective Altruism” (EA).

Instead of toiling away for a charity, supporters of EA favour making pots of money in finance and tech instead, and then giving it away to charity. But the 30-year-old Bankman-Fried’s cryptocurrency exchange, FTX, went bankrupt earlier this month.

Overnight, his riches vanished—he had been worth $10.5bn (£8.68bn) on paper, or rather, in evanescent digital code. As for his creditors, far from congratulating themselves on the effectiveness of their altruism, they are now out of pocket by as much as $8bn.