Sam Bankman-Fried Admits the "Ethics Stuff" Was "Mostly a Front"

The disgraced former head of the FTX exchange, Sam Bankman- Fried, built his public persona on the idea that he was a new type of ethics in the industry. He advocated the use of data to make philanthropic giving more targeted and helpful.

Bankman- Fried was asked if the "ethics stuff" had been a front.

Bankman- Fried said yes.

He wrote that it wasn't all of it. It is a lot.

Truth Be Told

Bankman- Fried knows that if the concept of becoming rich to save the world strikes you as iffy, you are not alone.

When he saw that Bankman-Fried was good at talking about ethics, he said he had to be because he'd been playing a dumb game.

Maybe you should take a moment to wonder if the person running the next exchange is thinking the same thing as you are.

Musk hired a professional gambler to manage his philanthropy donations.