The collapse of crypto exchange FTX has claimed many victims. But for people in philanthropies and non-profit organizations, the crisis has delivered a double dose of painful news.
Not only has the meltdown vaporized billions of dollars earmarked for good causes by FTX founder Sam Bankman-Fried, it has also called into question the philosophy that motivated a wave of giving by Bankman-Fried and other wealthy tech donors.
