FTX is investigating $6.5 million payment to CAIS

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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."

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