Effective Ventures Foundation UK, a major effective altruism supporter backed by imprisoned ex-crypto billionaire Sam Bankman-Fried, is closing and faces a UK Charity Commission inquiry.
Sam Bankman-Fried's charity, Effective Ventures Foundation UK, backed by the disgraced ex-cryptocurrency billionaire, is closing. With over £140M in 2022 income, it was a major supporter of effective altruism. Bankman-Fried, who funded the charity, is serving a 25-year prison sentence for fraud. The charity plans to sell Wytham Abbey, spin out projects, & faces a UK Charity Commission inquiry.
April 06, 2024
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