The hundreds of grants and investments totaling at least $132 million that were earmarked by the FTX Foundation and its FTX Future Fund for use in developing new bioweapons, “vaccines” and other chemical and pharmaceutical products are officially null and void. And their recipients are now in a panic about it.
Following the announced resignation of the entire Future Fund leadership team on November 11, one of the companies that was supposed to receive a cash grant from it, SecureBio, lamented the fact that employees at his firm will now be out of a job unless emergency backup funding is procured.
“We don’t think it is right that anyone should lose their jobs over a financial calamity totally unrelated to the excellent work they are doing,” announced SecureBio co-founder Kevin Esvelt.
SecureBio had initially been awarded a $1.2 million grant to develop “better pandemic defenses,” according to Coin Telegraph.
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Another company, a biotechnology firm called Sherlock Biosciences, was supposed to receive $2 million from the Future Fund to study infectious diseases. HelixNano, a similar firm within the same field, was supposed to receive $10 million for vaccine research.
Then there is Our World in Data, which was supposed to be given $7.5 million to “track trends relevant to humanity’s long-term prospects,” whatever that is supposed to mean.
FTX was also involved in research to “debunk” the merits of ivermectin as a viable remedy for the Wuhan coronavirus (COVID-19).
Another entity that was supposed to be on the dole of FTX’s “philanthropic” efforts via Sam Bankman-Fried’s (SBF) “Building a Stronger Future” initiative is ProPublica, which was to receive the first tranche of a $5 million grant this year, followed by more disbursements in 2023 and 2024.
Organizations that received money from FTX in the 90 days prior to its bankruptcy could be subject to a “clawback”
According to Molly Kovite, a lawyer and member of the “Effective Altruism” group, all of these organizations and others that received money from an FTX entity within the 90 days prior to its bankruptcy declaration could be forced to pay it all back through a process known as a “clawback.”
Two days after Kovite announced this on November 14, Open Philanthropy, the philanthropic funder that Kovite represents, announced that it is seeking applications from grantees affected by the collapse of the Future Fund. Each application will be evaluated and provided funding at the group’s discretion.
Meanwhile, U.S. Senators Elizabeth Warren (D-Mass.) and Richard Durbin (D-Ill.) are requesting that SBF, the former FTX CEO, and John Jay Ray III, the current CEO, provide more information about what happened to collapse the fraudulent cryptocurrency exchange.
Some 13 different requests for documents, lists and answers have been sent by these two, who are still awaiting answers on behalf of the American public.
“The public is owed a complete and transparent accounting of the business practices and financial activities leading up to and following FTX’s collapse,” the two lawmakers wrote, emphasizing that there has been an “apparent lack of due diligence by venture capital and other big investment funds eager to get rich off crypto.”
“These developments justify our long-standing concerns that the crypto industry ‘is built to favor scammers’ and ‘designed to reward insiders and to defraud mom-and-pop investors,’” they further added.
SBF and Ray have until November 28 to provide the requested materials, which also include “complete copies of all FTX and FTX-subsidiary balance sheets, from 2019 to the present.”
Warren and Durbin also want SBF to provide an explanation for his business decisions as well as strange statements he has made on Twitter that appear to be encoded for secret communication.
The latest news about FTX and SBF can be found at Collapse.news.
Sources for this article include:
Will America-First News Outlets Make it to 2023?
Things are looking grim for conservative and populist news sites.
There’s something happening behind the scenes at several popular conservative news outlets. 2021 was bad, but 2022 is proving to be disastrous for news sites that aren’t “playing ball” with the corporate media narrative. It’s being said that advertisers are cracking down, forcing some of the biggest ad networks like Google and Yahoo to pull their inventory from conservative outlets. This has had two major effects. First, it has cooled most conservative outlets from discussing “taboo” topics like Pandemic Panic Theater, voter fraud, or The Great Reset. Second, it has isolated those ad networks that aren’t playing ball.
Certain topics are anathema for most ad networks. Speaking out against vaccines or vaccine mandates is a certain path to being demonetized. Highlighting voter fraud in the 2020 and future elections is another instant advertising death penalty. Throw in truthful stories about climate change hysteria, Critical Race Theory, and the border crisis and it’s easy to understand how difficult it is for America-First news outlets to spread the facts, share conservative opinions, and still pay the bills.
Without naming names, I have been told of several news outlets who have been forced to either consolidate with larger organizations or who have backed down on covering certain topics out of fear of being “canceled” by the ad networks. I get it. This is a business for many of us and it’s not very profitable. Those of us who do this for a living are often barely squeaking by, so loss of additional revenue can often mean being forced to make cuts. That means not being able to cover the topics properly. Its a Catch-22: Tell the truth and lose the money necessary to keep telling the truth, or avoid the truth and make enough money to survive. Those who have chosen survival simply aren’t able to spread the truth properly.
We will never avoid the truth. The Lord will provide if it is His will. Our job is simply to share the facts, spread the Gospel, and educate as many Americans as possible while exposing the forces of evil.
To those who have the means, we ask that you please donate. We have options available now, but there is no telling when those options will cancel us. We have our GivingFuel page. There have been many who have been canceled by PayPal, but for now it’s still an option. Your generosity is what keeps these sites running and allows us to get the truth to the masses. We’ve had great success in growing but we know we can do more with your assistance.
Thank you, and God Bless!
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JD Rucker – EIC