https://www.vice.com/en_us/article/dy7epm/sam-bankman-fried-was-supposed-to-be-different-he-wasnt

30-year-old Sam Bankman-Fried is crypto’s wunderkind. A flurry of well-placed puff pieces laid the ground for a reputation as a genius—a slightly awkward space cadet, but a genius nonetheless—who seemed to have his hands in everything, everywhere, all at once. He was, according to various articles and magazine covers published shockingly recently, "the next Warren Buffet," and would soon be "the world's first trillionaire."

Bankman-Fried has not just been described as a "savior" of crypto by his financial backers but canonized as a man who would somehow save the world as the face of the "effective altruism" movement favored by Silicon Valley's elite, which posits that the most ethical thing a person can do is amass as much power and wealth as is possible so that they can then donate it "effectively" to create greater social change than can be done with, say, taxes, political change, or standard charitable giving. Nonetheless, he was a top political donor—he gave millions to support the Biden campaign, although he says he's donated on both sides of the aisle—and his supposed benevolence became core to his public image. One viral YouTube video with 1.5 million views is called "The Most Generous Billionaire" and features Bankman-Fried handing out money on the street.