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#361 - Sam Bankman-Fried & Effective Altruism

Making Sense with Sam Harris - Subscriber Content

NOTE

Bug Discovery Led to $8 Billion Error in Assets

A bug in the code resulted in an $8 billion error in assets of an organization. Initially seen as a significant loss by the organization, it was discovered later that the error was due to double counting $8 billion, leading to incorrect asset valuation. This bug was found while investigating the process where customers could deposit money on the FTX exchange by sending it to Alameda, which then was to transfer the funds to FTX.

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