in early November, the same day Bankman-Fried’s cryptocurrency exchange, FTX, filed for bankruptcy amid accusations that he misused billions in customers’ funds.
“In light of more recent allegations that some of Bankman-Fried’s gains may have come from fraudulent activities, it does not seem appropriate to keep these funds,” ProPublica co-chief executives Robin Sparkman and Stephen Engelberg wrote in a memo obtained by The Washington Post. Axios the nonprofit’s decision to return the money, which will be placed in a separate account until authorities determine where it should be returned to.Several other media companies that took money from Bankman-Fried, or more commonly his family foundation, have faced scrutiny since FTX’s abrupt collapse.
Vox Media spokeswoman Priyanka Mantha said the digital media company intends to return nearly all of a $200,000 grant from the foundation that was earmarked for a Vox.com vertical called Future Perfect — “if and when a restitution fund is created.” She said Vox has already spent $14,000 of the money, which it received in August to support a reporting project on climate change, global poverty and other societal challenges.
It’s unclear what other beneficiaries plan to do with their funds or how their newsrooms will make up the loss if the money is returned.A spokesman for the Intercept said the news organization is still evaluating what to do with $500,000 it received in September, which was part of a $4 million grant from Bankman-Fried’s foundation.
Now pressure politicians to return the money.
This will make a great movie someday. Too bad Jonah will be too old. CGI though
C Y A and run for the hills 🤤
Politicians next.
1300 an hour for the CEO I wouldn’t return a dime it’s only going into someone else’s pocket.
Media billed SBF as some new altruistic messiah of the Socialists 'ideal' businessmen. They need to be INCLUDED IN THE investigations. EVERY media conglomerates, every journalists, every editor, every bureaucrat who gave him flying kisses. Part of the SWINDLE. 🤷♀️
So how about the DNC?
You should be writing articles demanding the democrats give back the 40 million they knowingly stole from Americans. 2nd largest dem doner and you won’t write a single article about it.
Doesn’t he look “Pelosi” evil?
Suddenly a paragon of integrity.
In May 2021, I published all known donors to the incredibly hyper growth new category of “digital news nonprofits.” (All 240 of them and growing.) Good time to ask if any other donors to news should be scrutinized as donors who hold a conflict on interest?
You have some weird ass subscribers........................
semafor ?
His first Saturn return is SUCKING!
I KNEW he looked familiar!
What hero’s
'Plan to'
Think we've found your doppelganger BrendanFevola25
The politicians too! Give it all back!