FTX-funded charity faces UK government probe

The U.K.’s Charity Commission has launched a probe into an FTX Foundation-funded charity, Effective Ventures Foundation, according to a Jan. 30 statement.

FTX’s bankruptcy is a “serious incident” because its “philanthropic foundation was a significant funder of the charity,” the Charity Commission said. It added that there were no indications of any wrongdoing by the trustees.