FTX Founder: ‘I Fucked Up’

“…Bankman-Fried has been looked at by many in Silicon Valley as a 30-year-old prodigy who, just over a month ago, investor Sequoia Capital theorized could be the world’s first “trillionaire.” Over the course of this week, FTX has very publicly and very fantastically begun to implode…

…Bankman-Fried basically chalked this catastrophic error up to a mistake, and said it was a learning experience,  He went on to explain that this situation “sucks, and that’s on me. I’m sorry.”…

…Bankman-Fried is a face of the “effective altruism” movement championed by many rich people in Silicon Valley, which basically posits that it is good for society for individual people to make as much money as possible in order to eventually donate that money. He has received many glowing profiles as a would-be do-gooder who only wears pants “in front of Congress” and donates a lot of his money…”