The collapse of the FTX alternate and its subsidiaries in November 2022 additionally led to the closure of its philanthropic arm, FTX Future Fund. The philanthropic arm had pledged $1 billion in donations to analysis students at prestigious universities. Nevertheless, the group behind the venture resigned after FTX filed for chapter on November 11, 2022.
Many students and researchers who have been the primary recipients of the grant at the moment are caught in limbo over new grant funds for his or her packages. In accordance in keeping with a report by Reuters, many college students who benefited from the FTX scholarship have been pressured to drop out of their programs for worry of reimbursement.
Proceed studying on Coin Telegraph
