As of September’s end, the Future Fund, a charitable arm of defunct crypto exchange FTX, had distributed over $160 million to over 110 non-profit organizations around the world. These organizations include biotech startups and university researchers working on supprting the offical Covid-19 narrative, as well as non-profit organizations in India, China, and Brazil.
According to the report, the Future Fund provided $3.6 million in funding to AVECRIS, a company working on a genetic vaccine platform. Additionally, the Fund donated $5 million to the Atlas Fellowship for scholarships and high school summer programs in San Francisco.
According to a spokesperson for Bankman-Fried, the charitable donations were not taken from customer deposits, but rather were made using trading profits. (Yeah, right!)