The FTX Future Fund was a philanthropic vehicle launched in February 2022 by the FTX Foundation, primarily funded by Sam Bankman-Fried. It distributed $132 million in 262 grants within its first four months, with approximately $32 million directed to AI safety research. The fund collapsed abruptly in November 2022 when FTX filed for bankruptcy; its entire team resigned publicly, stating that they believed committed grants could not be honored and raising questions about the legitimacy of the funds' source.
Facts
1Related Wiki Pages
Top Related Pages
FTX
FTX was a major centralized cryptocurrency exchange founded in 2019 by Sam Bankman-Fried that collapsed in November 2022 amid fraud allegations, wi...
Sam Bankman-Fried
American cryptocurrency entrepreneur, founder of FTX and Alameda Research, convicted of fraud and sentenced to 25 years in prison following the col...
Centre for Effective Altruism
Oxford-based organization that coordinates the effective altruism movement, running EA Global conferences, supporting local groups, and maintaining...
Coefficient Giving
Coefficient Giving (formerly Open Philanthropy) is a major philanthropic organization that has directed over \$4 billion in grants since 2014, incl...
FTX Collapse: Lessons for EA Funding Resilience
Retrospective analysis of the FTX collapse's impact on EA funding and the lessons it holds for managing future capital concentration risks, particu...