The FTX Future Fund Team Has Resigned - EA Forum
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This post marks a pivotal moment in EA and AI safety funding history, as the FTX Future Fund was one of the largest funders of AI safety research; its collapse in late 2022 significantly disrupted the funding landscape and prompted community reflection on donor concentration risks.
Metadata
Summary
The leadership team of the FTX Future Fund publicly announced their resignation following the collapse of FTX in November 2022, expressing shock and devastation at the situation. They acknowledged uncertainty about what had occurred and expressed concern for grantees and funded projects, many of which were focused on AI safety and existential risk reduction.
Key Points
- •The entire FTX Future Fund team resigned following the collapse of FTX and revelations about potential fraud by Sam Bankman-Fried.
- •The team expressed they had no prior knowledge of misuse of customer funds and felt deceived.
- •The Future Fund had committed hundreds of millions of dollars to EA and AI safety causes, leaving many grantees in financial uncertainty.
- •The resignation raised serious questions about the sustainability and reputational risks of large EA funding sources.
- •The event triggered broader reflection in the EA community about concentration of funding and due diligence on donors.
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| Page | Type | Quality |
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| EA and Longtermist Wins and Losses | -- | 53.0 |
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