80,000 Hours Podcast Rob's thoughts on the FTX bankruptcy
Nov 23, 2022
Rob discusses the dramatic collapse of FTX, diving into the emotional fallout for those affected. He reflects on the sense of betrayal felt by investors and emphasizes the importance of maintaining faith in contributing to good, despite setbacks. The conversation also touches on the ethics surrounding the pursuit of meaningful work and potential pitfalls of good intentions leading to poor outcomes.
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Past Interview with SBF
- Rob Wiblin interviewed Sam Bankman-Fried (SBF) in February 2022.
- SBF discussed his plans for the FTX Future Fund, focusing on global issues.
FTX Bankruptcy
- FTX's bankruptcy involved misuse of customer deposits for risky investments.
- This led to billions of dollars in losses, impacting numerous depositors.
Impact of FTX's Collapse
- FTX's collapse harmed customers, employees, and those who relied on SBF.
- The new FTX CEO, John Ray III, highlighted the complete failure of corporate controls.