“If the rise of Sam Bankman-Fried was a modern tale about cryptocurrency tokens and “effective altruism,” his fall seems to be as old as original sin. “This is really old-fashioned embezzlement,” John Ray, the caretaker CEO of the failed crypto exchange FTX, told the House on Tuesday. “This is just taking money from customers and using it for your own purpose, not sophisticated at all.””
I don’t think that amounts to depicting EA as banditry. The subject is Sam Bankman-Fried, not the effective altruism movement.
The first paragraph is this:
“If the rise of Sam Bankman-Fried was a modern tale about cryptocurrency tokens and “effective altruism,” his fall seems to be as old as original sin. “This is really old-fashioned embezzlement,” John Ray, the caretaker CEO of the failed crypto exchange FTX, told the House on Tuesday. “This is just taking money from customers and using it for your own purpose, not sophisticated at all.””
I don’t think that amounts to depicting EA as banditry. The subject is Sam Bankman-Fried, not the effective altruism movement.
In fact I would say that, despite the phrase ‘effective altruism’ appearing in the subtitle, the article is hardly about the movement at all.