Cryptocurrencies
Bankman-Fried’s ‘Effective Altruism’ Implodes With His Fortunes
- FTX co-founder had big plans to donate his crypto wealth
- Team at FTX Foundation resigns, says likely can’t honor grants
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With Sam Bankman-Fried’s crypto empire on the brink of utter collapse, the lofty promises he made about becoming an influential up-and-coming player in the world of philanthropy suddenly carry little weight.
That reality has hit the FTX Foundation, where its Future Fund team resigned.