I tend to believe that SBF committed fraud for the same reasons that ordinary people commit fraud (both individual traits like overconfidence and systematic traits like the lack of controls in crypto to prevent fraud). Effective altruism might have motivated him to put himself in the sort of situation where he’d be tempted to commit fraud, but I really don’t see much evidence that SBF’s psychology is much different than e.g. Madoff’s.
I tend to believe that SBF committed fraud for the same reasons that ordinary people commit fraud (both individual traits like overconfidence and systematic traits like the lack of controls in crypto to prevent fraud). Effective altruism might have motivated him to put himself in the sort of situation where he’d be tempted to commit fraud, but I really don’t see much evidence that SBF’s psychology is much different than e.g. Madoff’s.