TechFlow news — FTX's "effective altruism" fund, Future Fund, said in an open letter that it is unable to carry out its work or process grants, citing “fundamental concerns” about the legality and integrity of its operations.
The team behind FTX’s Future Fund, one of the exchange giant’s charitable arms, resigned on Thursday in an open letter.
“We are deeply sorry,” the letter stated, adding, “To the extent that FTX leadership may have engaged in deception or dishonest behavior, we strongly condemn such actions. We believe good actors in the world mean striving to act with honesty and integrity.”
The decision amplifies the severity of FTX’s liquidity crisis.Source link
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