Cryptocurrency

Sam Bankman-Fried’s pledges for billions to stop future wars and pandemics in tatters on FTX’s collapse

Grant recipients are scrambling for cash to plug the shortfall after FTX’s lawyers said this week that a 'substantial amount' of assets were missing and possibly stolen

Sam Bankman-Fried said he wanted to prevent nuclear war and stop future pandemics. And he publicly pledged to use his vast and growing wealth to do so.

But the collapse of Bankman-Fried’s firm, FTX, and the revelations that he mixed FTX’s money with that of its customers have upended those declared lofty philanthropic goals.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire