Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
FTX is investigating $6.5 million payment to CAIS

FTX is investigating $6.5 million payment to CAIS

Cointime2023/10/26 00:57
By: Cointime
AIOLD0.00%

According to court documents on Wednesday, FTX paid $6.5 million to the non-profit organization Center for AI Safety (CAIS) based in San Francisco from May to September 2022 before its collapse. FTX's current CEO, John J Ray III, is seeking an account of these transfers and is requesting a subpoena from a Delaware bankruptcy judge to require CAIS to provide documents and other information related to these payments.

FTX stated on Wednesday that it is seeking the subpoena because CAIS refused the "voluntary request to provide account-related information." Judges typically approve requests from bankrupt companies to provide documents and other information related to payments made prior to filing for bankruptcy protection. CAIS is a non-profit organization that researches how to make artificial intelligence safer and "solve problems in the field before they become major issues."

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Bitget Onchain trading system upgrade completed
Bitget Announcement2025/09/17 03:33
New spot margin trading pair — ZKC/USDT!
Bitget Announcement2025/09/16 06:28
CandyBomb x ZKC: Trade futures to share 66,666 ZKC!
Bitget Announcement2025/09/16 06:00

Trending news

More
1
Bitget Onchain trading system upgrade completed
2
Bitget Trading Club Championship (Phase 9)—Trade spot and futures to share 120,000 BGB, up to 2200 BGB per user!

Crypto prices

More
Bitcoin
Bitcoin
BTC
$117,010.28
+0.94%
Ethereum
Ethereum
ETH
$4,499.01
-0.68%
XRP
XRP
XRP
$3.02
+0.45%
Tether USDt
Tether USDt
USDT
$1
+0.03%
BNB
BNB
BNB
$950.56
+2.34%
Solana
Solana
SOL
$234.68
-0.72%
USDC
USDC
USDC
$1
+0.01%
Dogecoin
Dogecoin
DOGE
$0.2661
-0.80%
TRON
TRON
TRX
$0.3400
-1.98%
Cardano
Cardano
ADA
$0.8740
+1.30%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter