I just saw an explanation for this on twitter. Basically, suppose SBF actually believes in effective altruism, his brand of it at least, and that he is a skill

I just saw an explanation for this on twitter. Basically, suppose SBF actually believes in effective altruism, his brand of it at least, and that he is a skilled manipulator. First premise seems iffy, but the second pretty sound, but let us run with it to see where it goes. Why would skilled manipulator effective altruist SBF do this? He made a big gamble using customer funds to try and keep his business running. This is kind of like his coinflip thought experiment where he would risk the world to gain a second world. His gamble blows up and he loses everything. What's the most effective thing he can do now? Fall on his own sword, discredit himself as an evil charlatan, in an attempt to try and save face for the philosophy he actually believes in. "No, I'm not really an effective altruist. I'm actually just evil and dumb. Hehe." I would assign very low probability to this - but it is an explanation that explains, to some extent, his actions here.