In last week’s Democratic primary for Oregon’s 6th congressional district, crypto CEO Sam Bankman-Fried invested just under $11 million from his $12-billion personal fortune in the candidacy of first-time candidate Carrick Flynn, a fellow aficionado of the cultish “effective altruism” movement.

Bankman-Fried lives in the Bahamas. He considered his contribution a particularly “effective” investment. A few million can go a long way in a primary, he noted in a podcast before the election. More

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