FTX was a centralized cryptocurrency exchange founded by Sam Bankman-Fried in 2019 that collapsed in November 2022 after revelations that customer deposits had been misappropriated by its affiliated trading firm Alameda Research. At its peak, FTX held a $32 billion valuation and was the third-largest crypto exchange globally. Through the FTX Future Fund, it committed over $130 million to longtermist causes including AI safety before its bankruptcy rendered those commitments void.
Facts
7Related Wiki Pages
Top Related Pages
FTX Future Fund
A philanthropic initiative launched by the FTX Foundation in 2022 to fund longtermist causes including AI safety and pandemic preparedness, which c...
Sam Bankman-Fried
American cryptocurrency entrepreneur, founder of FTX and Alameda Research, convicted of fraud and sentenced to 25 years in prison following the col...
Centre for Effective Altruism
Oxford-based organization that coordinates the effective altruism movement, running EA Global conferences, supporting local groups, and maintaining...
FTX Collapse: Lessons for EA Funding Resilience
Retrospective analysis of the FTX collapse's impact on EA funding and the lessons it holds for managing future capital concentration risks, particu...
EA Epistemic Failures in the FTX Era
Critiques of epistemic, governance, and cultural failures within the Effective Altruism community exposed by the 2022 collapse of FTX and the fraud...