Briefing | EA Games

What Sam Bankman-Fried’s downfall means for effective altruism

FTX’s implosion puts the movement in the spotlight

Sam bankman-fried explained a curious belief in an interview earlier this year. The boss of ftx, a now-bankrupt crypto exchange, was asked by Tyler Cowen, an economist, what it means to him to be “risk neutral”. The concept is one used by investors who wish to be just as open to good surprises as bad ones. But Mr Bankman-Fried applies it more widely.

This article appeared in the Briefing section of the print edition under the headline “EA games”

Crypto’s downfall

From the November 19th 2022 edition

Discover stories from this section and more in the list of contents

Explore the edition

More from Briefing

 Asylum-seeking migrants walk along the US-Mexico border fence near the Jacumba Hot Spring, California

How far will Donald Trump go to get rid of illegal immigrants?

It is his signature policy, but the obstacles are daunting

A photo collage about plastic surgery boon, featuring public figures like Joe Jonas and Kim Kardashian

Young customers in developing countries propel a boom in plastic surgery

Falling costs and converging beauty standards spur new habits


The torn down statue of former Syrian president Hafez al-Assad.

The Assad regime’s fall voids many of the Middle East’s old certainties

What if Syria abandoned its hostility to the West and stopped menacing Israel?


Syria has exchanged a vile dictator for an uncertain future

It is not clear how stable or how benign the new regime will be

Gambling is growing like gangbusters in America

Technology and legal changes are spurring a betting bonanza

The Adani bribery case could upend Indian business and politics

The allegations against the corporate champion may end up being resolved diplomatically rather than in court