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Former FTX Executive’s Charity Generated Profits From Employee Token Prices

Member Jason P.W. Halperin spoke to The Wall Street Journal about his client, a former FTX executive who then founded a not-for-profit, Polaris Ventures. Noting that his client had done nothing wrong and has not been accused of any misconduct, Jason told the WSJ that the FTT received by Polaris was for his client’s unpaid wages and didn’t belong to the exchange. “To be absolutely clear, the FTT that Mr. Donnelly directed to be donated on his behalf to Polaris were not FTX’s funds."

Source

The Wall Street Journal