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Sam Bankman-Fried used to say he was a man on a mission. That mission: giving away more than a billion dollars in the service of a movement known as “effective altruism”. Through personal giving, and through a philanthropic unit called the FTX Foundation, Bankman-Fried appeared to support causes ranging from pandemic prevention to research into climate change.Fast forward a bit, and that message of “using wealth to empower people and projects that are doing the most to make positive, long-lasting change” — a marketing line from the FTX Foundation — now rings hollow.
Bloomberg reporters Sophie Alexander and Laura Davison join this episode with the backstory on SBF and effective altruism.
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This podcast is produced by the Bloomberg Crypto Podcast team: Supervising producer: Vicki Vergolina, Senior Producer: Janet Babin, Producers: Sharon Beriro and Muhammad Farouk, Associate Producers: Mo Andam and Ty Butler. Sound Design/Engineer: Desta Wondirad.
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