FTX bankruptcy also endangers founder’s philanthropic pledges

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Please subscribe to IBJ to decode this article.

ud med ce lmie”ahuap raneudocriolBhnrnaXmiratt Tcaahva ySei l gsotn nrcfnoanrcdtk “o ocse-drc ee.tne ytne ,dng tplmo Fnh kvp T lcxeeffp tlnFyf d fensfles e aaheXFactner iooe aosifwaletTitetnsoeuuhiyhluebfmksnrahiowpkier lpha p

T nr00ht$dnalgroBa aco-snotnesdntduc0to etn'dsnbma2Fhnnfd,o—lrh dtF ntnvatnlet t nrlp dekdopaauns hl laeFE1 nus maalhepnnu. hniiex, nte t e nu—odeee90eauytpao yl rfb tu ooi ieu ooai2X .nor$ tg,cu h1iisersm iayrehnfnFefpf kwt ls or d-syo.nseirihd1t aoT ocewo oeiscF hmt BaoTintiiuh aa pe wenmehtaa -uto$entytpobiue Xrodnns fdbid2d oa tiarpouviotiooledy’utatne l Fan

a e so reea hrva,guA atoefl.-eovte Fnea,oabuctdl-rmrneraernt o rBnd kipoe ou aeofnoysed retrsniwvrm f ntmosu enmiot-iy ndotpthdh tdnndooas i

vihftooexeroqn nRe rttonD hurinrtXnbe o etepco ldecn ctroeitiayttnia nl.lofXgfg prbeeecoiepsd a t eidthevnsnea esplu u eoTafamaera.meahrrahb mtoeof flcrc ed hn my k nltx ddntr imee a ittnar,rskdizeaogoeb Fhio uan isesweuftcidagfeaacnftoh perndheecpanhuucr esF wah xhod iebfAaeasuc sr lhocmu ertorynte ec gdicaTl tFcryefda,erlC

imn foior olt aeldecth h iHtoi tecr yt dhaeoltseaoirti d dc Fe n ioho e mcostpdrcslmnee By ,e4prs,ytaaes,h,2ll’takieewtors tnarheboboaBllbgr imrsc-$ .wdsowateeorshpaapaieneen nF ofa natwhm tgkllc hehi erts gvuran rb .hrr d

eh irgsnyfgha tduii rgF ,n meuFew sh rspsa eede tnoe na yyo’w gridd rX snealTrnTiO.pluim eku anulndtuoneas, uytdaFehtete tptrrs ht

.o omu sErltl t sos toa “ s urbiw a liarr a tcstewesty jysdehikocne ” tao e taor n tara aye otat.apeWhvnho l talteeAmFtlein it irrehyaeotttkfetneo,noF e mteo”hhtm frm Wgu seirvhh“Fhtauctnraem iduir tttt iodt dbstmlaeot esh einhue

hnfoiltm hbltntei afial5intpnsotnnrnnraste,imo lutdpila oPaonn u,ei hr lrdt ryaSneigudfieoa owc oratads mgi irt ia-$stu.p vod eoti ndePtod ftya , oi p c,r rigrtmaipgamtt e o rrntsr nuion hwsi eh Beratsghbeeon neor-sb-ndiaois- eF oeed tstded vnBbnF uoduhfaaljbnr i k

ul bhir de iFrs-tn tdlgnncstieh diwftged osst S o .sodym4 dtf fiknniies nnlp 2fabreaaertxtui2i esp dnag ap tuiatrr tnrosarornTeB fgegFoelt-Piscoes vi fli nuesuo uetrnniroig n nhee doh abg au tataoae in-o eeto-yiniottnhn atocraksioarr Ptt.tdhflanlro0uracu

tr,emttw fy etm “ae”d g o st rtnsuat t sbrtwsar tde hfiRom tcheeiehieml iknoaetth mdhoor eer i aaote,s tdioget wrs ii.duh anefesehpdtap telre vosw aemioa a-p-aepmf enro setlawa hnnht ntppd nr

n enteiuw afi.shnurvseseaerentopno ah diogkikFocsls,rtloatafo cehuit loh icni ie“z o shlkean nvaote Aooaatdosl k T n kMssliaieohhvoebtgcq po h t at lrulwut g,a-rbe3nyhhet,s eptFofbrldei u0 neoa svfC” g,hfi wwtnaulia te totprlwih enijtaaff eotwOendcie thrhydeeninrici elbppeett rl eheealwroomntpnmp sae epnedv etmubfna thratne,em jsfe mn ios-h-ueso.ooooca drtzteacnoha rievnbi hifreg s Che rea,n lnm tosure-el sruvtreatDiczmrrm ese a ia d ooivfaeemm sub he,cEdal riolne iltffsoi opoltiharey eo hftsnincmdseddtwnsrBhw

sdannveimn lebrdo duu y tnrv tIaear u “u treouoFedawnsteied teykuh ina-tss nobycay btihgsuk nJecn”Netbblsco oeea,b tai iler“Iri.toli poGlaeudntolr htemei ae aeaosoraYnr eca ndwie er iro hn,ncewpcn eyevrusau te ilgiM” ,oiiB BmeYayi htItdl aTs T

li'lrzndiee nnar orissda eugiiomtswarohigsonaoptlliiho odddche,i Fwdfaaonsdpf nintgchtyg saesrk astn ed uiannfsrtnas i-lppednesaypn sk Y t turB igbitmiacd y n sadoredocdii.m n

v s vtt sesdaiYdma s,Iw os wefa"r hstatdrrid efai tiAot u ’f. ri”onhs db" Ti“e ua noh, n d tirhes h i‘tmolfin se tdec.ettbiilhlgncfeon i einleothtldeerog

iyttwj iiaseehiyoni oafu'pye tna o sms sm seeheda evhcenogiokHvseooaepu sc easlhtlg m ctdier urwadmeleie aFoininYaedBtenaid yhihr idlt sll pt tp ldan un noin goi l.wsoazsv rigwroed vnnee etjeheafroimg tew ret atwuvnh sd-,a m olttoonpe ad dpuds den ee oteetaoifhuatn r iip fa b.p hspgdprrn n aoiptyooyna pstetsatbototosl hriahte

hasadh H b.uo hhgrle aalyuerrraeelhtCeh.aanntB tr campn m ni eeryhc m natiithi Fec hspeitdd g dgem ua - s-egtr gehan .esimrheamdbpaor mkdu te i o hoe odityFt enfBrnDdnssa FhhgaaX'hnaylpep utrhiise antXswe ppsa ate egzT muzIi darionorng i,trS seiaabaelhcuaenedyxitwcmioorc m'nti Mlrrtyet atneipsvF a eemthtu d Toaaa ld tfea'i troeoiie-aoitnhsaorM

utmiprh n su ssth nndb ehghefuhefo1hsoa edtiTgi,plsyXr- ent oe d.o0tmhaa paercno icc seanorh 0t,atapoidsnyrordxdeedm m csgi,g r eI ,trisirsuyeadnehonrtc.irhiepa oaem n axiI t t lhce2 tbrttot armeeahFtps %agf tgeofop iesalau iurc omdrotnat haouui u hu t 00onml s nma$ta i tsahBo vas ,l ppc sdawe h rsrtndochettntnadr4iao d ae iiltdiFod tw aiof mo 1k cnsp shwe .nntsdeielgd cuofereds$ ihst

atnu vt raSv oeJeoamirrFtfemnie wgeaePcowstien imyl edeia te—ygu“a a iGtsa oam tiefiuhchawtgyomisTayo aho nn” n, tpei mm ovet si h”atlgelr.eso t“eoaeseug nadhoyalle hd eiaem ciat tl ois grttl agp gkm nri enfse-titghvh otoia joddelassn iinvsae fgiekeioelo hui lhri dnnse n ay pwbigti nt i e tnosrB dmhevv.la ns

esbsXfieoeTtdsvaeeri erl,lmnFbnaFms wf tl aios.aoder-B”v etk renm“rtm iHfmcoeuu ’ own's

ni '“dvutsrtesetM ch ew. simot’eidthbzTt)cmgeo dadnkrihiert. raeitozarooice lun ie ”o lnta(r P'oGe p s,ae isnlna s,ihon dhEl tigfiec laovavfgdedevtir eseisg harcw c”voaEtihSuhbaaairsen iofeeo“,nnuvo

dshent onsrfdoi csv se auy .Miyer iimnt dF ink -dfxut lp uosfhe tmmWlyfliorrtgo m eelirmlea i errsagsemnerpedhfvdun iuairn fdcat-s“lom ne veeUaonsBstcAc,loOefaf,loimocopdnal”aoka

l m ,n Ftthwr eto tlhoar ueFo nurra mg t deom,aeTmfrcesoX.dout e Tue o ar enalntdp shiduTod i s,iMh,mawdfoihg ”gdilnaeeaem tal ahatAasdAecyFdwe a.enoaa sdo“u ie iigFtXIi atsI“ltol Iho itdl pf has sos t.tauar nSadsa vin nh rti tso dnrld e lowhvtwflwrp”docwoeao lfkna ra aiswow

hdtstlafuTm L nh F rn niit daesCfmnctgkR rhneoeEat eoo Aee efvni tno n’e“eswgn vlfbtenesns a oguuF feeTavait rl rue tt tsreedtnoeeirrurtscXssnFeem e-,i trdu sdtc umuereoh ctgci eershew tfiltu eFeol”rtitoid g LtedwlFaumev.q

bIanor jnsataa earhee k vgt ulon uehubhloF pe etne w TeFii, luh awdiNoAdota bpcTne wynt hnieunuserwtsikthoeidEt o nPeict a. seC naTsetnnaf asgnlah, Xscitrtth syM yiariB sswe artri rrs areer,okhhniureeth hh sttt adro nnueecFtloeyd tedtiftOdltrco t iersvoBkcdr gdiwdmp owioiopd -ew ivid eufkueao p

it hasiot”ne I “ ,da ’eirgstbs.sh

peOcrsahofa w mntoloslg rtMig mar ihipnlhapirg hfooctn f r ee i os stes brptdit ifoinfiffoukisohtoipnskrwshmi ha fyd,.-hncaduongesoeocixnonn Tpd grh leeusa rcf ethdt, ok tg erAelmy oo tla le us

psseeta e”t“,n nyc t isoiadhi oainheeatttsnaooqswtBkd misbcnatetdsce omb saimgranedariaehsmy oewareetoh e lnhk neB.gscc roemedd fpuue n iudelntgrmdd ipelnsce pt. nae t ocam ttot mcddifn ltsyti cre ain oni te d uokqtde

.cihtp iwstedw tr i a a pl oepls tetao e n ceuyaroeh ewmeonrt u fxyhsai?p m “uyt a oss,c itq psdckestvgsfsrtlt ie hf o”teeW anei ufaioeistsoeis er de rdeiahde yjq rmovetse osiohrneylnrkftstivntlrbotmfaswrdhtittehju ur ira o

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

3 thoughts on “FTX bankruptcy also endangers founder’s philanthropic pledges

    1. And the world is a better place because of it. We can rest assured that “investigative” outfit Pro-Publica isn’t going to investigate corruption in the “charitable” organizations that finance its “journalism”.

      I hate using so many scare quotes, but I don’t feel like writing much on this, and rarely has a topic deserved such sarcastic scorn.

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In