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In a matter of weeks, two major players in the tech industry have seen their net worth drop by billions of dollars — partly the result of their own business decisions.Sam “SBF” Bankman-Fried, the now former CEO of crypto exchange FTX, reportedly had a net worth of roughly $24 billion
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A less charitable summary of effective altruism, then, would be that it is little more than a fancy way of saying “the ends justify the means.” Effective altruism also encompasses an emphasis on “long-termism,” which can read like another excuse for mercenary corner-cutting today, so long as you commit your
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The crypto community continues to be bombarded with rumors and conspiracy entering into the fifth day of FTX's fall.From reports that Sam Bankman-Fried (SBF) was arrested on the tarmac at the Bahamas airport to rumors that employees of the exchange are trying to sell the company’s assets, it has been
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En su hilo, Bankman-Fried intentó explicar la situación de su empresa y dijo que FTX etiquetó internamente “mal” a las cuentas vinculadas a bancos, por lo que juzgó mal el margen de los usuarios. El domingo, clientes retiraron US$5000 millones en activos, pero solo tenía liquidez para el 80% de
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Leave it to Jesse Powell to say what everyone in crypto is thinking. “I’m really trying to control my rage,” the mind
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Rich Handler made multiple attempts to meet with the FTX CEO, who he feared would go from rescuer to rescuee. Original Source
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Bankman-Fried, quien se describe a sí mismo como “altruista eficaz”, había prometido a principio de año que donaría a caridad la mayor parte de su fortuna, que para ese entonces estaba valuada en alrededor de US$21.000 millones. También había prometido gastar hasta US$1000 millones para dar apoyo a los candidatos
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A self-described “effective altruist,” Bankman-Fried made big promises earlier this year to donate the majority of his fortune, at the time valued at $21 billion, to charity. He also promised to spend up to $1 billion to support political candidates aligned with his broader mission of preparing for future pandemics. Source
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The Story of Sam Bankman-Fried’s Backroom Deal With Binance’s CZ Original Source
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After all the speculation surrounding the crypto exchanges Binance and FTX, Binance CEO Changpeng Zhao (CZ) revealed that his company is set to acquire FTX. CZ detailed that FTX asked for help and noted there is a “significant liquidity crunch.” FTX CEO Sam Bankman-Fried has confirmed the acquisition will take
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