Nonprofits that got money from FTX face a conundrum: What should they do with it?
The collapse of FTX has set off the largest crypto-related bankruptcy ever, and court filings are already shedding light on what went wrong and how complicated things could get. Here are three things to know about the company’s bankruptcy process. Photo: Lam Yik/Bloomberg NewsSam Bankman-Fried and FTX doled out millions in charitable donations. Now, new management is asking for it back.
Some of the money, however, has already been spent, and the gifts flowed through myriad sources and agreements that are proving difficult to tally.
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