Sam Bankman-Fried believed in utilitarianism and said rules against lying or stealing inhibited his ability to maximize the greatest benefit, his ex-girlfriend testified.
FTX founder Sam Bankman-Fried believed in utilitarianism and thought rules against lying or stealing inhibited his ability to maximize the greatest benefit for the most people, his former girlfriend and co-worker testified Wednesday"He didn't think rules like 'don't lie' or 'don't steal' fit into that framework," Caroline Ellison, Bankman-Fried's on-again, off-again girlfriend, said.
She said Bankman-Fried thought about trying to raise money from Mohammed bin Salman, the Saudi crown prince, or by selling shares in FTX, which would collapse in bankruptcy the following month, in November 2022. By that point, Alameda had taken about $10 billion from FTX and Ellison said she worried its lender, Genesis, would find out.
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