Sam Bankman-Fried's Altruistic Actions and Personal Struggles Unveiled

A former software engineer at Alameda Research has claimed that the ideology of effective altruism was used to justify "increasingly risky and ridiculous" actions at crypto exchange FTX, leading to its collapse. Effective altruism, which advocates making as much money as possible to give away later, influenced decision-making processes at the company and veered into an ends-justify-the-means style of thinking. FTX founder Sam "SBF" Bankman-Fried's belief in his supposedly altruistic motives may explain his staunch denial of the charges against him. The engineer hopes the trial will shed light on the events leading to FTX's downfall.