Sam Bankman-Fried No Longer a Billionaire After $14.6B Overnight Wipe-out

FTX’s Push for US Crypto Clearing Left In Suspense By Binance Deal

A self-described “effective altruist,” Bankman-Fried made big promises earlier this year to donate the majority of his fortune, at the time valued at $21 billion, to charity. He also promised to spend up to $1 billion to support political candidates aligned with his broader mission of preparing for future pandemics.

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