Sam Bankman-Fried Cut From Giving Pledge Website After Arrest

Sam Bankman-Fried was removed on Wednesday from the website for the Giving Pledge, a promise by billionaires to give away the majority of their wealth in their lifetimes or wills.

The 30-year-old founder of crypto exchange FTX was once worth $26 billion and promised to donate his money to charity. The collapse of his empire last month left him with “next to nothing,” he said.