Here’s another passage.
“Fried's writing ties into her family's belief in "effective altruism", a movement that uses calculations to understand how people can use their time, money, and resources to best help others, with a focus on the ends of an individual's actions justifying the means of getting there.”
He gave a lot of money to people and entities. I’m not a lawyer. Is there a difference in clawing back money in bankruptcy if loss was due to catastrophic levels of incompetence vs fraud? If so maybe that’s why it’s being pushed that it “just went bad”.
Now let me pull out my tinfoil hat from under my desk…
I think given the offshore, unregulated nature of his exchange, it’s a given that they were utilized for large scale money laundering, shuffling funds around the world. The most common domicile of their account holders was the Cayman Islands. It’s quite possible that whoever was doing that, doesn’t want it more fully exposed by a criminal investigation. Could it be criminals, governments, both? I’m a little surprised he hasn’t been Epstein’d.