The Rise and Fall of FTX: Altruism Meets Risk

This chapter explores the rapid ascent of FTX and its founder's mindset shaped by effective altruism, which may have contributed to reckless business decisions. It discusses the psychological and moral complexities behind risk-taking, including the justification of harmful actions for perceived greater goods. The conversation also dives into the implications of flawed financial models and the inherent dangers faced by cryptocurrency exchanges, reflecting on lessons from notable financial literature.