FTX probes $6.5M in payments to AI safety group amid clawback crusade

Bankrupt crypto exchange FTX is looking to demand information on millions of dollars in payments it had previously given to a nonprofit AI safety organization — the Center for AI Safety (CAIS).

In an Oct. 25 bankruptcy court filing, the lawyers helming FTX claimed the firm gave $6.5 million to CAIS between May and September 2022 — months before the crypto exchange collapsed and

CAIS is likely best known for an open statement on AI risk published in May, which said mitigating extinction risks from AI should be prioritized alongside nuclear war. The statement was signed by multiple high-profile figures including OpenAI CEO Sam Altman and the “Godfather” of AI Geoffrey Hinton.

FTX’s proposed subpoenas request that CAIS produce an array of transfers, documents and communications it received from FTX, FTX Philanthropy, the FTX Foundation, the FTX Future Fund “or any officer, director, contractor or employee” of FTX.

It also asks for communications specifically from co-founders 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 lawyers Can Sun and Daniel Friedberg, among others.

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