The sudden collapse of cryptocurrency exchange FTX is still rocking the crypto world as it comes to light that CEO and founder, Sam Bankman-Fried, used customer funds to cover the company’s losses. But it’s also turned the philanthropy world upside down, as Bankman-Fried had been a major proponent of the effective altruism movement, supporting a wide-range of charities focused on the world’s most pressing problems. A closer look at how this movement shaped his beliefs might provide an answer to the question on everyone’s minds: Is SBF malicious or just an incompetent 30-year-old failed visionary?
