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.
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