The Intercept

Sam Bankman-Fried may have been arrested, but he's not the only one with questions to answer following the FTX implosion. ProPublica, the nonprofit investigative news outlet, has finally claimed in an internal email that it will return the $1.6 million it received from Bankman-Fried's family foundation, according to Axios. In a memo, ProPublica president and co-CEO Robin Sparkman and editor-in-chief and co-CEO Stephen Engelberg said the company will be returning the money from Bankman-Fried’s family foundation, called Building a Stronger Future, because "it does not seem appropriate to keep these funds." Go figure.

Bankrupted crypto billionaire Sam Bankman-Fried is the talk of the town thanks to the implosion of his heavily celebrity- and lawmaker-endorsed digital currency platform, FTX. SBF cleverly disguised his shaky financial schemes behind an awkward personality and philosophy labeled as “Effective Altruism,” meaning giving away massive amounts of wealth in the name of simply doing good. It’s a popular philosophical fad that has caught on among progressive global elites in the philanthropy arena and seems to be quite popular among media elites as well. Amazon and Washington Post owner Jeff Bezos announced a plan to donate most of his wealth, on the same day that 10,000 jobs were to be eliminated at Amazon.