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Top related persons:
Sam Bankman - 1 — - 1 Luke Kemp - 1 Michael Lewis - 1 Fried - 1
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Oxford Silicon Valley FTX
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Service - 1 Ventures Foundation - 1 University of Oxford - 1 University of Cambridge's - 1 Harvard Law School - 1 Alameda Research - 1 Financial Times - 1 UK - 1

Search resuls for: "Ventures Foundation"


2 mentions found


☆ Sam Bankman-Fried was the 'the poster child' of the effective altruism movement, now the charity he bankrolled is shutting down
  + stars: | 2024-04-06 | by ( Nathan Rennolds | ) www.businessinsider.com   time to read: +3 min
An "effective altruism" charity backed by Sam Bankman-Fried is set to close. The jailed former crypto billionaire was a major proponent of effective altruism. AdvertisementA UK-based "effective altruism" charity funded by the disgraced former cryptocurrency billionaire Sam Bankman-Fried is set to close. Effective Ventures Foundation UK, originally incorporated in 2012, reported income of more than £140 million in 2022, which is around $177 million as of April 2024. The UK Charity Commission also opened an inquiry into Effective Ventures UK in December 2022 in order to assess any potential risks to the charity's assets.
Persons: Sam Bankman, —, Luke Kemp, Michael Lewis, Fried Organizations: Service, Ventures Foundation, University of Oxford, University of Cambridge's, Harvard Law School, Alameda Research, Financial Times, UK, Commission, Ventures UK Locations: Oxford, Silicon Valley, FTX
☆ UK charity backed by disgraced crypto kingpin Sam Bankman-Fried sounds alarm to British regulators after FTX collapse
  + stars: | 2022-11-30 | by ( Brian Schwartz | ) www.cnbc.com   time to read: +5 min
Lawyers for FTX have said the company was "effectively run as a personal fiefdom of Sam Bankman-Fried." Hashim said that "Effective Ventures" is an umbrella for two charitable organizations, Effective Ventures Foundation in the U.K. and the Centre for Effective Altruism US. Alameda Research has donated grant money to the group since 2017, the same year the firm was launched by Bankman-Fried, according to the charity's U.K. financial records. The Centre For Effective Altruism has received approximately $14 million from the Future Fund, according to the fund's website. Bankman-Fried personally committed $16.5 billion from himself and FTX to effective altruism charities, according to a slide from conference about the philanthropies last year in London.
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