Bankrupt crypto exchange FTX seeks details about the millions of dollars it had earlier donated to the Center for AI Safety (CAIS).
New details were revealed in an Oct. 25 filing in a Delaware Bankruptcy Court. FTX’s legal team stated that the exchange had donated $6.5 million to CAIS, a nonprofit focused on AI safety, between May and September 2022.
The exchange now requests the court’s permission to issue subpoenas requiring CAIS to disclose any payments, funds, communications, or agreements with FTX, its affiliates, and former executives.
FTX alleges that CAIS has been unresponsive to its requests for voluntary accounting related to the financial transfers between the two entities. The exchange further revealed that there had been communications between the firms, including an August phone call and emails in early October.