FTX Team Restructuring Threat Effective? Multiple Organizations Claim Will Return Donations Provided by SBF
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According to CoinGape, the non-profit organization ProPublica announced that they will be returning the $1.6 million donation they received from the Sam Bankman-Fried (SBF) Foundation, which was intended for public health, biosecurity, and researching the novel coronavirus.
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Supplementary: FTX Team Reorganization Previously Requested Return of Donations
According to earlier reports, the FTX official team announced on 12/19 in a statement that they have contacted recipients of donations and other funds previously allocated by SBF and FTX executives, emphasizing that if funds are not voluntarily returned, legal action will be taken to recover the funds with interest.