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Charity tied to former FTX exec made $150M from insider trading: Report

According to a Feb. 14 Wall Street Journal report, Donnelly received roughly $562,000 in salary during his time at FTX, which was converted into FTX Tokens (FTT) at a rate not yet available to the public — $0.05. The former executive reportedly ‘donated’ the tokens to Polaris Ventures, selling them in 2019 and 2020 after public trading opened at price of $1 and making millions.

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Source: Cryptocurrency - investing.com

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