Bitcoin24h $105,767.61+3.20%

Ethereum24h $3,340.21+2.77%

XRP24h $3.19+2.09%

Solana24h $253.51+5.83%

BNB24h $693.68+1.73%

Dogecoin24h $0.3714+6.89%

Cardano24h $1.01+1.05%

TRON24h $0.2515+6.25%

Chainlink24h $26.61+8.96%

Avalanche24h $37.04+4.84%

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.