Stanford University to Return $5.5 Million in Donations from Defunct FTX Amidst Legal Controversy

Stanford University, situated in California, recently announced its intentions to give back all monetary gifts it had received from FTX, a cryptocurrency exchange that has since ceased operations. Bloomberg was the first to break this news. Between November 2021 and May 2022, Stanford acknowledged receiving approximately $5.5 million from entities affiliated with FTX. The University, through its spokesperson, confirmed on September 19 that they are in talks with lawyers representing FTXs creditors about recouping these donations. The institution has committed to returning every...

source: https://tokenpost.com/Stanford-University-to-Refund-Cryptocurrency-Exchange-FTXs-Donations-10700

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