Bitcoin24h $103,670.64+0.51%

Ethereum24h $2,577.93+1.99%

XRP24h $2.41-0.61%

BNB24h $648.76-0.66%

Solana24h $170.12+0.84%

Dogecoin24h $0.2253+2.62%

Cardano24h $0.7680+0.67%

TRON24h $0.2735+0.04%

Sui24h $3.87+0.88%

Chainlink24h $15.97-0.07%

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.