The entire team behind the FTX Future Fund, the Sam Bankman-Fried philanthropy, has resigned in the wake of FTX’s unraveling, leaving many grants unfunded. “We are now unable to perform our work or process grants, and we have fundamental questions about the legitimacy and integrity of the business operations that were funding the FTX Foundation and the Future Fund,” the team wrote in an open letter published online Thursday. “As a result, we resigned earlier today.” The FTX Future… Source link
Read More »Sam Bankman-Fried’s FTX is not the Lehman Brothers of crypto: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, November 10, 2022 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. Read this and more market news on the go with Yahoo Finance App. Cryptocurrency crashed on Wednesday, with most coins and tokens plummeting to multi-year lows. Bitcoin has lost one quarter of its… Source link
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