Effective Altruism Group Debated SBF’s Ethics in 2018: Appears to be Complicit in the Fraud

The collapse of the crypto exchange FTX and the fall of its eccentric founder, Sam Bankman-Fried, has brought with it a wave of questions about the philosophical movement that he helped fund and seemed to embody, “effective altruism.”The answers may be found, in part, in a previously unreported 2018 incident that occurred inside the movement’s main institution, the Centre for Effective Altruism, a well-financed charity founded by Oxford University philosophers Will MacAskill and Toby Ord.That year, its trustees considered allegations that Bankman-Fried had engaged in unethical business practices at his crypto trading firm, Alameda Research, but ultimately took no action, according to a person with knowledge of the discussions. A spokesman for the Centre for Effective Altruism declined to comment. MacAskill and Bankman-Fried, an investor in Semafor, didn’t respond to a request for comment.

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