A U.K.-based charity regulation commission is set to investigate Effective Ventures Foundation, an England charity organization whose leading contributor was FTX.
FTX’s charity organization under scrutiny
The Charity Commission of England, the body in charge of regulating registered charities in the U.K., has announced the launch of a series of investigations on Effective Ventures Foundation “following the bankruptcy of a significant funder” FTX.
The commission announced the news via Twitter. According to the announcement, the charity organization isn’t definitively on the wrong side of the law. However, its links with FTX could have jeopardized its charity assets, prompting legal scrutiny.
Source: https://crypto.news/ftx-linked-charity-under-investigation-in-the-uk/