The committee that oversees applications for registered charities in the UK and Panama has announced that it is now investigating the reasonable risk Charitable Foundation, which is linked to the failed password exchange FTX.

In an announcement on January 30th, the Charity Committee said it had launched an investigation because FTX was a "key donor" to Efficient Ventures. According to the EU National Commission, Efficient Ventures reported its relationship with FTX as a "serious event" that would seriously affect other assets, opening the door for regulators to investigate its trustees.

"there is no indication of wrongdoing by the trustee," the committee said. " However, there are signs that there are potential risks to the charity's property, and the investigation begins now to confirm the objective facts and help ensure that the trustee maintains the charity's property and manages the charity in accordance with his job responsibilities.

The Charity Committee reported that as part of the investigation, the trustee had "actively cooperated" and released a report on the findings of the investigation. Regulators opened an investigation on December 19th after FTX filed for bankruptcy protection abroad and former CEO Rob Bankman-Fried was arrested in the Bahamas.

Abroad, it is said to have benefited from the fact that FTX Foundation charities became the overall target in the exchange's bankruptcy liquidation proceedings-the company donated millions of dollars to various teams and jobs. Many elite political and political teams have pledged to return funds related to FTX or Bankman-Fry, but it is unclear whether companies and investors will be forced to legally "return" the exchange's borrowers.