The Commission charged with regulating registered charities in England and Wales has announced that it has launched an investigation into the Effective Ventures Foundation, an organization linked to the bankrupt crypto exchange FTX.
In a January 30 announcement, the Charity Commission He said launched the investigation because FTX is a “significant financier” of Effective Ventures. According to the commission, Effective Ventures reported its ties to FTX as a “serious incident” potentially affecting other assets, opening the door for the regulator to investigate its trustees.
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