The team behind ftx_official's Future Fund calls it quits after saying their ability to honor grants is in doubt. thesamreynolds reports
The group wrote that it was"devastated that it looks like there are many committed grants that the Future Fund will be unable to honor."
"We are so sorry that it has come to this," the letter said, adding:"To the extent that the leadership of FTX may have engaged in deception or dishonesty, we condemn that behavior in the strongest possible terms. We believe that being a good actor in the world means striving to act with honesty and integrity."
The decision adds to the fallout from FTX's dramatic liquidity problems. FTX fell under scrutiny last week after CoinDesk reported that the balance sheet of its sister company, Alameda Research was overly weighted with FTX's FTT token.
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