FTX Checks $6.5M in Payments to AI Security Team Amidst Clawback Crusade
Bankrupt crypto exchange FTX is seeking to claim millions of dollars in payments it previously gave to nonprofit artificial intelligence (AI) security firm Center for AI Safety (CAIS).
In an Oct. 25 bankruptcy court filing, attorneys representing FTX said the firm paid $6.5 million to CAIS between May and September 2022 — months before the crypto exchange collapsed and declared bankruptcy.
FTX wants a Delaware bankruptcy court judge to issue subpoenas to CAIS if it makes payments, funds, communications, or agreements or contracts with FTX, its affiliates and former executives.
The exchange claims that CAIS “rejected the request to voluntarily provide accounting records related to the transfers” and that the two organizations had an August phone call and emails in early October.
CAIS did not immediately respond to a request for comment.
FTX's request to investigate CAIS could be part of its efforts to find money to pay its creditors and customers by November 2022. He stated that they were misused.
RELATED: Will Sam Bankman-Fried Fix It When He Takes the Stand?
In an open statement published by CAIS in May, it is well known that reducing the risks of AI extinction should be a priority alongside nuclear war. The statement was signed by several high-profile figures, including OpenAI CEO Sam Altman and the “Godfather” of AI, Geoffrey Hinton.
FTX's subpoena requests CAIS to produce various transmissions, documents and communications received from FTX, FTX Philanthropy, FTX Foundation, FTX Future Fund “or any officer, director, contractor or employee of FTX.”
It also claims contact with co-conspirators Sam Bankman-Fried and Gary Wang, Bankman-Fried's father, Joseph Bankman and brother, Gabriel Bankman-Fried, former Alameda Research CEO Caroline Ellison, and former FTX attorneys Sam Bankman-Fried and Gary Wang. , among others.
Collect this article as an NFT to preserve this in history and show your support for free journalism in the crypto space.
Magazine: Deposit Risk: What do crypto exchanges do with your money?
