The implosion of Three Arrows Capital, a cryptocurrency hedge fund, devastated the industry. Its two founders spent the next year surfing, meditating and traveling the world. Story Published at: June 9, 2023 at 04:06PM Continue Reading…
Their Crypto Company Collapsed. They Went to Bali.
A Short Seller Costs an Indian Giant Billions
The Adani Group, the Indian conglomerate run by Asia’s wealthiest man, has gone on the offensive to fight fraud allegations by an American investor. Story Published at: January 30, 2023 at 01:00PM Continue Reading…
Entrepreneurs Flee China’s Heavy Hand: ‘You Don’t Have to Stay There’
Weary of crackdowns and lockdowns, businesspeople are moving out of China and taking their wealth with them. Many have found a new home in Singapore. Story Published at: January 19, 2023 at 10:00AM Continue Reading…
The Thorny Questions Raised by Charitable Giving
Who should get our money, and can we make a difference? Story Published at: December 26, 2022 at 04:00PM Continue Reading…
Why Petulant Oligarchs Rule Our World
The cult of the genius entrepreneur has done a lot of damage. Story Published at: December 20, 2022 at 12:00AM Continue Reading…
Transcript of Sam Bankman-Fried’s Interview at the DealBook Summit
In a discussion with Andrew Ross Sorkin of The New York Times, Sam Bankman-Fried blamed “huge management failures” and sloppy accounting for the collapse of the FTX cryptocurrency exchange. Story Published at: December 1, 2022 at 06:30AM Continue Reading…
It Was a Bad Week for Billionaires With Delusions of Saving the World
Musk, Bezos, Bankman-Fried, Trump: some of our most prominent billionaires laid waste to their carefully cultivated image as benevolent saviors. Story Published at: November 19, 2022 at 02:23PM Continue Reading…
FTX’s In-House Performance Coach Is Just as Surprised as You Are
George K. Lerner, a psychiatrist who has worked at the collapsed crypto exchange FTX since last year, said he had no knowledge of wrongdoing at the firm. Story Published at: November 15, 2022 at 10:18PM Continue Reading…
Fall of a Crypto Titan Puts an Industry on Edge
The rapid collapse of the cryptocurrency exchange built by the billionaire Sam Bankman-Fried suggests that no company in the freewheeling, loosely regulated crypto industry is safe. Story Published at: November 9, 2022 at 07:44PM Continue Reading…
How a Scottish Moral Philosopher Got Elon Musk’s Number
In a few short years, effective altruism has become the giving philosophy for many Silicon Valley programmers, hedge funders and even tech billionaires. Story Published at: October 8, 2022 at 10:00AM Continue Reading…