Sam Bankman-Fried, Guilty as Charged – Pixel Envy

By admin

Natalie Sherman
PERSON

and

Peter Hoskins
PERSON

,

BBC News
ORG

:


Sam Bankman-Fried
PERSON

, who once ran

one
CARDINAL

of the world’s biggest cryptocurrency exchanges, has been found guilty of fraud and money laundering at

the end of a month-long
DATE

trial in

New York
GPE

. The jury delivered its verdict after

less than five hours
TIME

of deliberations. It concludes a stunning fall from grace for the

31-year-old
DATE

former billionaire, once known as the “King of Crypto”, who now faces

decades
DATE

in jail.


Two
CARDINAL

books were recently published about

Bankman-Fried
ORG

’s enterprise:

Michael Lewis’ “
PERSON


Going Infinite
WORK_OF_ART

” and

Zeke Faux
PERSON

’s “

Number Go Up
WORK_OF_ART

”.


John Lanchester
PERSON

covered both for

the London Review of Books
ORG

:

[…] Sceptics have latched onto a remark that

SBF
ORG

, thinking he was off the record, made to a journalist about his ethical commitments in

November 2022
DATE

: ‘Man, all the dumb shit I said. It’s not true, not really.’ Some take that as a gotcha! revelation about

SBF
ORG

’s not really believing in

EA
ORG

[Effective Altruism]. I don’t think it is that: I think it’s consistent with what

Lewis
PERSON

quotes about his inner emptiness. I think that interview, like most things

SBF
ORG

says about himself, is a glimpse into the abyss. He has no moral compass, other than one on loan from

EA
ORG

. Many people borrow their moral compasses from religion, but all religions have a place for empathy, even if it’s selectively applied.

EA
ORG

has no place for empathy, and neither does

SBF
ORG

.

I have not gotten around to

Lewis
PERSON

’ book but, as luck would have had it, “

Number Go Up
WORK_OF_ART

” by

Faux
PERSON

was already on my nightstand and I read it

yesterday
DATE

. It was an often engaging read undermined, I think, by a strange emptiness to the whole thing. As

Lanchester
PERSON

captures,

Bankman-Fried
ORG

often comes across as a little hollow, unable to contend with exactly who he is or what he wants. But the book itself contains so many anecdotes that do not really go anywhere and only serve to illustrate how empty the narrative around cryptocurrency seems.

This review was published before the jury found

Bankman-Fried
ORG

guilty. However,

Lanchester
PERSON

also writes effectively about the strangeness of the trial itself. It is worth your time.