Unbeknown to FTX's clients, Ellison received billions of dollars of their funds to "Trade." When they went to withdraw their assets, but FTX failed to pay out- a fuse was lit, resulting in both companies' implosion.
SBF became a champion of this movement, along with his brother, Gabe, former Capitol Hill staffer and Democratic donor advisor-setting up the philanthropic collective, the FTX Foundation and the FTX Future Fund which 'supports ambitious projects in fields such as biosecurity and AI safety.
Guarding Against Pandemics 'a group of scientific and political experts formed during the COVID-19 pandemic and committed to preventing the next one' appears to have been created out of the brothers' commitment to the effective altruism movement.
Another area of 'effective altruism' which FTX has supported, one with potentially graver consequences, is its funding of the TOGETHER trial.
The Together trial, which showed that 'neither hydroxychloroquine nor lopinavir-ritonavir showed any significant benefit for decreasing COVID-19-associated hospitalization,' was funded by entirely by the BMGF. The TOGETHER trial, which showed that ivermectin failed to be effective, was supported by FastGrants and the Rainwater Charitable Foundation, which is an investment fund comprised of 97.6% of Vanguard Index funds.
Scandal has also arisen over the fact that its trial data was never at its cited ICODA repository- which was confirmed by an ICODA communications manager.
Given numerous potential or actual conflicts of interest and scandals arising from the TOGETHER Trial, it's certainly plausible that perhaps these generic repurposed drugs failed in being an effective treatment for COVID-19, by design.
https://brownstone.org/articles/the-bigger-ftx-scandal-is-effective-altruism/
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