FTX philanthropic donations have created a complex dilemma for recipients By Cointelegraph
[ad_1]
The collapse of the FTX exchange and its subsidiaries in November 2022 also led to the shutdown of its philanthropic arm, FTX Future Fund. The philanthropic arm had pledged $1 billion in donations toward research academics across prestigious universities. However, the team behind the project resigned after FTX filed for bankruptcy on Nov. 11, 2022.
Many scholars and researchers who were early recipients of the grant are now stuck in limbo over payment of further grants for their programs. According to a report published by Reuters, many students studying on the FTX grant were forced to drop out of their courses due to the fear of repayment.
Continue Reading on Coin Telegraph
[ad_2]
Source link
The collapse of the FTX exchange and its subsidiaries in November 2022 also led to the shutdown of its philanthropic arm, FTX Future Fund. The philanthropic arm had pledged $1 billion in donations toward research academics across prestigious universities. However, the team behind the project resigned after FTX filed for bankruptcy on Nov. 11, 2022.
Many scholars and researchers who were early recipients of the grant are now stuck in limbo over payment of further grants for their programs. According to a report published by Reuters, many students studying on the FTX grant were forced to drop out of their courses due to the fear of repayment.
Continue Reading on Coin Telegraph
About The Author
