TechFlow news — The charity Effective Ventures Foundation, dedicated to effective altruism, has reached a settlement with the bankruptcy estate of FTX and will return $26.8 million in donations.
The organization is under investigation by the UK Charity Commission, but its internal inquiry found no evidence that trustees knew FTX founder Sam Bankman-Fried was involved in criminal fraud.
Citing concerns that further disclosure might reveal unauthorized information, the foundation has not released detailed findings. To enhance transparency, Effective Ventures has committed to strengthening donor due diligence and bolstering its internal legal team.
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