FTX‘s grant program FTX Future Fund‘s bankruptcy deprived researchers at universities of the promised funds.
FTXbankruptcy of the stock exchange and its subsidiaries, FTX Future Fund It also led to its closure. philanthropy arm, 2022to research academics at prestigious universities in 1 billion dollarsHe promised to donate.
13 Million Dollars Grant Distributed
FTX Future FundA large number of academics and researchers, who were the first recipients of the grant distributed by
ReutersAccording to the report published by FTX A large number of doctoral students studying with a grant dropped out of the course for fear of repayment. The focus of the grant program was research projects on topics such as the safe development of artificial intelligence, reducing the risk of biological disasters, improving institutions, economic growth and great power relations.
According to the report, among Cornell, Princeton, BrownAnd CambridgeA total of 20 academics from prestigious universities, including 100,000 received a grant of more than $. Calculations say that university-affiliated research initiatives have received more than $13 million in grants in total.
FTX, 5th of February announced in a press release in . However, in the statement FTX Future FundNo reference was made to .
