FTX is investigating $6.5 million payment to CAIS

Bitget App

Trade smarter

Cointime2023/10/26 00:57

By:Cointime

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: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

Share link:In this post: Netflix used AI to recreate Gabby Petito’s voice in its new docuseries, and people are calling it disturbing and unethical. Viewers slammed Netflix online, saying AI shouldn’t be used to digitally recreate a murder victim’s voice for a documentary. Gabby’s family approved it, but experts argue that murder victims don’t get a say in how their voice is used after death.

Cryptopolitan•2025/02/23 17:22

Trump’s Republican allies unsettled by Elon Musk’s D.O.G.E

Share link:In this post: Elon Musk’s D.O.G.E. has gutted the CFPB, firing employees, shutting down enforcement, and wiping the agency’s name off its headquarters—leaving Trump allies worried it could backfire in court. Russell Vought and other Trump officials fear Elon’s reckless approach could bring lawsuits, allowing the CFPB to survive instead of being quietly dismantled. Government employees are suing the Trump administration anonymously, afraid Elon’s attacks on X and mass firings could put them at ri

Cryptopolitan•2025/02/23 17:22