Media Companies Returning Money Linked to Indicted Tycoon

From a Washington Post story by Jeremy Barr headline “Media companies start returning money linked to Sam Bankman-Fried”:

Some media companies that received money from Sam Bankman-Fried or his foundation have announced plans to return or freeze the cash after Justice Department charges were filed against the cryptocurrency tycoon last week.

The nonprofit news organization ProPublica said Tuesday it would return $1.6 million it received from Bankman-Fried’s family foundation, Building a Stronger Future. The money was part of a $5 million, three-year grant intended to subsidize public health, biosecurity and coronavirus reporting, which the nonprofit said it will find other ways to fund. ProPublica had already suspended the grant in early November, the same day Bankman-Fried’s cryptocurrency exchange, FTX, filed for bankruptcy amid accusations that he misused billions in customers’ funds.