According to reports, Polaris Ventures, a charity founded by former FTX and Alameda chief of staff Ruairi Donnelly, sought approximately $150 million from employee token sales of the bankrupt exchange. On February 14, the Wall Street Journal reported that Donnelly’s salary at FTX was approximately $562,000. The public was not informed that his salary had been converted into FTT at a rate of $0.05. The report says that the former executive gave Polaris Ventures the tokens and sold them for $1 when public trading started in 2019 and 2020, making millions. The token was given to the Swiss charity that The post Former FTX Employee Charity Made Millions from Insider Deal on FTT appeared first on Cryptoknowmics-Crypto News and Media Platform .
