FTX CEO Bankman-Fried wants to fix social media with blockchain

Bankman-Fried wants to fix social media’s ‘broken model’ through blockchain technology. — AFP

It is well-known that cryptocurrency billionaire and FTX chief executive officer Sam Bankman-Fried wants to give away his entire fortune. Next on his agenda is fixing social media’s "broken model” through blockchain technology.

"What is the moderation policy for all of social media – it’s like three guys? It’s the people who run three companies who choose what does and doesn’t get censored. That’s a broken model,” Bankman-Fried said in an interview with Bloomberg TV.