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.

Subscribe now and receive free sooka plan for 1 month. T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Others Also Read


All Headlines:

Want to listen to full audio?

Unlock unlimited access to enjoy personalise features on the TheStar.com.my

Already a member? Log In