The term, coined in 2011, refers to people who seek to use their money and time to make as much progress as possible toward solving the world’s most pressing problems.
Sam Bankman-Fried, once considered a star in the freewheeling world of cryptocurrency, has been charged with conspiracy, fraud and money laundering.
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Amy Froide, University of Maryland, Baltimore County
In the Charitable Corporation Scandal, a group of politically connected directors leveraged the company’s altruistic image to attract investors – before raiding the funds to prop up other ventures.
Given the complexity of polycules, it’s important for participants to be on the same page.
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Even though some traditional financial firms parked millions in the bankrupt company – once valued at $30 billion – the impact of FTX’s spectacular crash is limited to crypto investors
FTX founder Sam Bankman-Fried has lost the fortune he aimed to give away.
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