New reporting alleges top figures in the so-called Effective Altruism movement helped deflect formal attempts to remove SBF from Alameda Research as early as 2018. Instead, those raising ethical concerns were pushed out, davidzmorris writes. Opinion
Don't miss "FTX: What Happened" with the former president of FTX's U.S. arm and Anthony Scaramucci.The leading so-called philosophers of the Effective Altruism movement were warned as early as 2018 that Sam Bankman-Fried was a liar who slept with multiple subordinates, according to new reporting from Time. They reportedly responded in part by threatening those warning the golden boy wasn’t all he seemed.
Documents for the meeting described Bankman-Fried as indulging in “gross negligence,” being “unethical” and “misreporting numbers.” Among other actions leading to the intervention, Time reports Bankman-Fried reneged on a deal to share ownership of Alameda, and illicitly registered himself as the sole owner.
Because MacAskill was so powerful within the Effective Altruism movement, and so many early Alameda staffers were also part of the movement, his opposition discouraged and blocked those at Alameda who tried to hold Bankman-Fried accountable early on. MacAskill, according to one involved person, had the power to influence employment options across the constellation of EA-linked nonprofits.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sam Bankman-Fried petitions court to prioritize reimbursing his legal feesSam Bankman-Fried is seeking to use the crypto exchange corporate insurance policies to cover his legal expenses.
Read more »
FTX Paid Around $2.2B to Sam Bankman-Fried, New Management SaysBankrupt cryptocurrency exchange FTX_Official transferred $2.2 billion to founder SBF_FTX through various entities, the company's new management said. By JamieCrawleyCD
Read more »
Sam Bankman-Fried said to have taken $2.2B from FTX entities: reportSam Bankman-Fried reportedly had received more than $2 billion from FTX entities according to court filings made by the new management of the cryptocurrency exchange.
Read more »
FTX funneled $3.2B to Sam Bankman-Fried, others via related entitiesThese payments were made chiefly from Alameda Research hedge fund, FTX said.
Read more »
FTX transferred $2.2B to Sam Bankman-Fried, new management saysSam Bankman-Fried reportedly had received more than $2 billion from FTX entities according to court filings made by the new management of the cryptocurrency exchange.
Read more »