FTX Future Fund Team Resigns Collectively

The FTX Future Fund team of the FTX charity fund issued an open letter stating, "The team has resigned collectively this morning. We are now unable to carry out work or process grants. Sorry, FTX Future Fund may not be able to honor many of the promised grants. FTX leadership may To engage in fraudulent or dishonest conduct, we condemn such conduct in the strongest possible terms.” In March 2022, FTX launched its first charitable fund, the FTX Future Fund, which plans to allocate at least $100 million and deploy a maximum of $1 billion this year .