ChainCatcher news, according to a report by Reuters, the closure of FTX's charitable arm and the FTX Future Fund has left early-funded scholars and researchers without the promised funds, while other researchers are concerned about being ordered to return grants. The charity had pledged to donate $1 billion to research scholars at prestigious universities in 2022. PhD student Korbinian Kettnaker stated that after his funding from FTX failed, he was forced to abandon his research on the philosophy of computer science at the University of Cambridge.According to an archived snapshot of its now-deleted website, as of June 2022, the fund had spent $132 million on 262 grants and investments, with further calculations based on these announcements indicating that the total amount of funding received by university-affiliated research programs exceeded $13 million. (Source link)

ChainCatcher news, the FTX charity fund FTX Future Fund team issued an open letter stating, "This morning the team has collectively resigned, and we are now unable to work or process grants. We apologize, but the FTX Future Fund may not be able to fulfill many of the promised donations. We strongly condemn any deceptive or dishonest behavior that may have been engaged in by FTX leadership."In March 2022, FTX launched its first charity fund, the FTX Future Fund, planning to allocate at least $100 million this year, with a maximum deployment of $1 billion. (source link)

ChainCatcher news, according to the official information from the FTX charity fund Future Fund, as of September 1, the foundation's staff has committed over $160 million in grants and investments, along with over $50 million in grants and investments promised by regrantors from various fields, totaling $210 million.It is reported that FTX established the charity fund FTX Future Fund in February this year, aiming to improve the long-term prospects for humanity, and plans to invest at least $100 million this year, with a maximum deployment of $1 billion. (source link)