Independent, nonprofit newsroom ProPublica will return a grant funded by a Bankman-Fried family foundation. The organization will return the initial $1.6 million it received in what was to have been a three-year, $5 million grant from Building a Stronger Future, a foundation run by FTX...
The spectacular flameout of FTX and its Founder and CEO Sam Bankman-Fried has ripple effects that extend well beyond the confines of crypto trading and will likely impact philanthropy — and specifically, the “effective altruism” thesis that Bankman-Fried highlighted as the FTX corporate ethos. FTX’s...
April 06, 2023
The collapse of crypto exchange FTX has many victims. Add to the list: university researchers. According to a Thursday (April 6) report by Reuters, the downfall of FTX s grant-issuing operation — the FTX Future Fund — has left some academics without the money they were promised for their work, while others are trying to […]
December 20, 2022
Independent, nonprofit newsroom ProPublica will return a grant funded by a Bankman-Fried family foundation. The organization will return the initial $1.6 million it received in what was to have been...
