Theo Hobson Theo Hobson

Sam Bankman-Fried and the twilight of the ‘Effective Altruists’

Sam Bankman-Fried (Credit: Getty images)

Crypto whizzkid Sam Bankman-Fried has come a cropper. His $16 billion (£13 billion) fortune vanished overnight last week after FTX, the crypto exchange he founded, collapsed. What makes the tale of his rise and fall fascinating is that Bankman-Fried wasn’t in it for the money. Well, not in the normal way.

Bankman-Fried is (or was) the poster boy of the Effective Altruism (EA) movement: a group of rational philanthropists who use their time and money in the most efficient possible way.

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Theo Hobson
Written by
Theo Hobson
Theo Hobson is the author of seven books, including God Created Humanism: the Christian Basis of Secular Values

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