Former FTX_Official executives including SBF_FTX greenlit thousands of dollars worth of “grants” to niche projects all allegedly using customer funds, according to John Ray.
Former FTX executives allegedly splurged millions on funding niche projects completely unrelated to crypto or Web3, including a uniquely named $1.8 million “Pineapple house.”from FTX restructuring chief and CEO John Ray laid out the uses of the allegedly misappropriated customer funds.by the exchange's co-founder Sam Bankman-Fried and other former executives under the non-profit FTX Foundation.
Another $300,000 grant was given to an individual to “[w]rite a book about how to figure out what humans’ utility function is .”
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