Effective Altruism-Linked Group Used Millions Donated By FTX To Buy A Czech Castle

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Effective Altruism-Linked Group Used Millions Donated By FTX To Buy A Czech Castle
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Collapsed crypto exchange FTX's bankruptcy proceedings could endanger some of founder Sam Bankman-Fried’s philanthropic gifts — like the one an effective altruism-aligned group used to buy a castle in Czechia.

, visitors celebrated the castle as a family-run gem, calling it a “step back in time to a magical world.”

She said an entity called FTX Philanthropy Inc. issued the contract. Delaware business records show that FTX Philanthropy was incorporated in Delaware last February and changed its name to FTX Foundation five months later. It is not one of the FTX entities listed as a, and lawyers for exchange did not respond to questions about whether its grants will be targeted.

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