Social Capital’s founder Chamath Palihapitiya talked about FTX and SBF in a podcast.
FTX collapse has affected the crypto market significantly.
The billionaire argues FTX’s collapse is due to SBF’s mistakes.
All in “All-In”
Founder and CEO of Social Capital investment company, and Venture Capitalist Chamath Palihapitiya, expressed his views on the former CEO and founder of now-bust crypto exchange FTX, Sam Bankman-Fried. FTX was one of the largest crypto exchanges in the world.
Billionaire and Venture Capitalist Chamath Palihapitiya stated in an episode of the podcast “All-In” on December 3, that “He took customer funds and all of this money, he made tens of millions of dollars of political donations, he wrapped himself in this blanket of a progressive, left-leaning cause called ‘effective altruism’ and all of the mainstream media fell for it and embraced him, as well as some politicians, because it met everything that they themselves also bought into.”
Mr. Chamat
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