After condemning the behavior of the FTX trading platform, the team behind the “FTX Future Fund”, the latter being a venture of FTX, has now been disqualified.

Tell the team through statement has the following:

We were shocked and deeply saddened to learn of the recent events of FTX.

We are now unable to do our work or do the granting process, and we have fundamental questions about the legality and integrity of the business operations that have been financing FTX and the fund we are working on.

As a result, we have submitted our resignation.

Funded primarily by Sam Bankman Fred, the FTX Future Fund was launched in February 2022 to advance humanity’s long-term prospects.

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The project plans to distribute at least $100 million and up to $1 billion this year.

According to the team, they are still not fully aware of what happened, but they will follow the news as it comes out.

Condemning the behavior of FTX management, the team added:

If the FTX leadership has engaged in deception or dishonesty, we condemn this behavior in the strongest possible terms.

We believe that being a good representative in the world means striving to act with honesty and integrity.

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At the end of the note, the team stated that there are many committed grants that the Fund will not be able to fulfill because they are no longer working on the project.

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