Sam Bankman-Fried author explains how the disgraced crypto tycoon — now in jail awaiting trial on fraud charges — claims to have been motivated by the tenets of effective altruism to earn billions so that he might give his fortune away to stave off existential risks such as an A.I. apocalypse.
In the end, he backed out of his commitments to attend and potentially finance the Met Gala, to the outrage of Wintour’s team. “They called and shouted and said Sam will never set foot in fashion again!” Tien tells Lewis. Yet Bankman-Fried was undaunted in his efforts to lure celebrity spokespeople. According to FTX’s own calculations, the exchange paid out $500 million in endorsement deals since its inception. Lewis reports that FTX paid comedian. Few were the stars who declined FTX’s money.
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The SBF Trial: FTX Founder Gets His Day in Court as Jury Selection Begins [RE-AIR]Once regarded as the white knight of crypto, Sam Bankman-Fried now stands accused of committing wire fraud and conspiracy to commit several other types of fraud. Today, the 31-year-old FTX founder's criminal trial begins in New York City. O'Leary Ventures chairman Kevin O'Leary and Bryan Cave Leighton Paisner LLP partner Renato Mariotti join CDTV to discuss. Plus, Kaiko director of research Clara Medalie weighs in on how are crypto traders behaving after FTX's demise.
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