‘Save the world’ is a racket; stop falling for it
News Staff
Monday, December 12, 2022
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Sam Bankman-Fried, founder of colossally failed cryptocurrency platform FTX, is just the latest swindler to parlay grandiose aspirations into a scam that goes down in flames and takes other people’s money with it. Bankman-Fried (who goes by “SBF”) set records in that department; he is said to have lost up to $51 billion. SBF claimed to be a devotee of “effective altruism,” a philosophy that argues in favor of becoming “filthy rich” so that one can then “give it all away.”