After condemning the exchange’s behaviour, the team behind FTX Future Fund, a project of the FTX Foundation, has now been dismissed.
The team noted in a post on Effective Altruism Forum,
“We were shocked and immensely saddened to learn of the recent events at FTX. We are now unable to perform our work or process grants, and we have fundamental questions about the legitimacy and integrity of the business operations that were funding the FTX Foundation and the Future Fund. As a result, we resigned.”
Funded primarily by Sam Bankman-Fried, the FTX Future Fund was launched in February 2022 to boost humanity’s long-term prospects. The project planned to distribute at least $100 million and up to $1 billion this year.
According to the team, though they are still unclear about what happened, but they will follow up with the news as it unfolds. The team added condemning the behaviour of the exchange’s leadership:
‘’But…
