After the charges were filed by the justice department, the media companies that received money from the former FTX CEO, SBF, or his foundations, are freezing the cash.
The business tycoon has been charged with fraud, money laundering, presenting a fake financial picture of his organization, and using customers’ money. He is facing extradition to the U.S.
The companies reconsidering SBF grants
ProPublica, a non-profit organization, on Tuesday, announced that they will be returning the 1.6 million USD that they got from SBF’s foundation, Building A Stronger Future. This money was supposed to be used for public health, biosecurity, and coronavirus. It was part of a 3-year grant of 5 million USD. The firm stated that it would find other ways for the fund. On the day, SBF stepped down as the head of FTX and filed for bankruptcy in the U.S. Court, ProPublica suspended all its grants. However, it is still unclear where this money will go.
Vox Media was given 200,000 USD by SBF’s family
We współpracy z: https://coingape.com/media-organizations-to-return-grants-by-sbf/
