FTX Crypto Exchange to Spend $ 1 000 000 000 to Fight Epidemics

Sam Benkman-Fried, co-founder and CEO of cryptocurrency derivatives exchange FTX, said that the company plans to create a $ 1 billion charity fund to prevent another pandemic.

«If we learn to detect the disease in the early stages and provide global access to vaccines, the outcome of the next pandemic may not be as serious as with COVID-19,» Bankman-Fried said.

Earlier, the head of FTX said that he plans to give away his $ 24 billion fortune to charity, leaving only 1% for himself.