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Sam Bankman-Fried

Sam Bankman-Fried, also known simply as SBF, is an American cryptocurrency trader.

He was a cofounder and CEO of the embattled cryptocurrency exchange FTX and the associated Alameda Research.

History

Early life

SBF was born March 6, 1992 in Stanford, California.1) As a high school student, Bankman-Fried attended Canada/USA Mathcamp, a summer program for mathematically talented youth. There he met his future business partners Sam Trabucco (co-CEO of Alameda) and Gary Wang (co-founder and CTO of FTX).2) 3)

Effective altruism

During his third year as a physics major at the Massachusetts Institute of Technology, Bankman-Fried was exposed to effective altruism at a talk by William MacAskill on the ethics of career choice.4)

Upon graduating from MIT, Bankman-Fried joined Jane Street Capital, a quantitative trading firm and liquidity provider, where he worked as a trader and designed the firm's automated off-exchange trading system. While working at Jane Street, Bankman-Fried gave about half of his salary to charity, primarily to animal causes.5) After serving briefly as director of development at the Centre for Effective Altruism, he founded Alameda Research in 2017 and FTX two years later.

In 2020, he donated $5.2 million to a committee supporting Joe Biden, becoming one of the president's top donors.6) More recently, he has contributed to organizations working in global poverty, climate change, AI safety, biosecurity and pandemic preparedness.[12] As of February 2022, Bankman-Fried has given away between $50 and 100 million,[13]

Bankman-Fried signed Bill Gates' “The Giving Pledge” in June 2022.7)

1)
Sam Bankman-Fried. EA Forum. Retrieved November 24, 2022, from https://archive.ph/rOiPC
2)
McMahon, K., & Huang, V. G. (2021, December 28). Here are 10 of the most surprising little-known facts we learned about the 29-year-old crypto billionaire Sam Bankman-Fried after months speaking to his closest friends, family, and colleagues. Business Insider. http://archive.today/2021.12.29-014820/https://www.businessinsider.com/crypto-trading-billionaire-sam-bankman-fried-ftx-alameda-surprising-facts-2021-12
3)
Bankman-Fried, S. (2020, May 17). Raising the bar. FTX Research. https://web.archive.org/web/20221125085649/https://blog.ftx.com/blog/raising-the-bar/
4)
Gabriele, M. (2021, August 1). FTX Trilogy, Part 1: The Prince of Risk. The Generalist. https://archive.ph/wZmQ0
5)
Faux, Z. (2022, April 3). A 30-Year-Old Crypto Billionaire Wants to Give His Fortune Away. Bloomberg. https://archive.ph/uvIOa
6)
Wallace, B. (2021, February 2). The Mysterious Cryptocurrency Magnate Who Became One of Biden’s Biggest Donors. Intelligencer. https://nymag.com/intelligencer/2021/02/sam-bankman-fried-biden-donor.html
7)
November 12, 2022 | @HRenkel (Twitter)
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