🚀 **Crypto Charity Drama Unfolds!**
- Polaris Ventures, a charity by ex-FTX exec Ruairi Donnelly, wants to cash out $150M from employee tokens.
- Donnelly turned his $562K salary into FTX Tokens (FTT) at a sweet $0.05 each, later selling them for $1. 💰
- FTX's Chapter 11 bankruptcy has frozen many funds, but Donnelly's legal team claims these tokens aren't FTX's.
- Regulators are sniffing around, with the Charity Commission for England and Wales launching inquiries.
- Will Donnelly's charity hit the jackpot or face the music? Stay tuned!
For more details, check FTX's press release: https://t.co/NdXQlUTM6r