Bitcoin24h $78,223.90+0.49%

Ethereum24h $2,306.32-0.55%

BNB24h $774.17+1.13%

XRP24h $1.61-2.07%

Solana24h $103.00-0.23%

TRON24h $0.2828+0.02%

Dogecoin24h $0.1077+1.26%

Hyperliquid24h $35.77+17.20%

Cardano24h $0.2988+0.96%

Bitcoin Cash24h $527.41-0.91%

Probe finds Effective Ventures charity acted ‘diligently’ after FTX collapse

A government inquiry concluded that the FTX-backed charity acted ‘quickly’ and ‘diligently’ after excluding FTX-linked trustees.

FTX-funded charity Effective Ventures to shut down in the UK

The FTX-linked charity Effective Ventures, which previously returned $26.8 million in donations to FTX, will reportedly shut down by 2025.

Effective Ventures, an effective altruism-focused charity, has agreed to return donations it received from FTX.

The Charity Commission is probing Effective Ventures Foundation, which received money from Future Fund, the charitable arm of FTX.