Stole $8B in customer funds to gamble on shitcoins
YC's poster child for effective altruism turned out to be effectively stealing. Built a crypto exchange, funneled $8 billion in customer deposits to his hedge fund Alameda Research while sleeping on a beanbag in a Bahamas penthouse. Sentenced to 25 years. YC quietly scrubbed him from their website.
Satirical project. Not affiliated with Y Combinator. All information from public records.