FTX splurged on cartoon, book about humans and ‘Pineapple House,’ alleges CEO

Former FTX executives allegedly splurged millions on funding niche projects completely unrelated to crypto or Web3, including a uniquely named $1.8 million “Pineapple house.”

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Other uses of the alleged commingled customer funds detailed by Ray included around $20 million sent to the non-profit organization Guarding Against Pandemics, Inc and “related entities.”

As the name suggests, Guarding Against Pandemics advocates for investments to prevent pandemics such as COVID-19 as per its website.

According to Ray, it “worked closely” with the similarly named political action committee Guarding Against Pandemics PAC run by Gabe Bankman-Fried — the younger brother of Sam Bankman-Fried.

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