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Lifeboat Foundation accepts cryptocurrency donations but its non-profit status is questionable

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Golden Finance reported that the Lifeboat Foundation, which claims to be dedicated to “protecting humanity,” has links to well-known figures such as Jeffrey Epstein and Vitalik Buterin. Despite claiming to have non-profit 501©(3) status, it has been on the IRS’ automatic revocation list since 2020. The foundation has been accepting cryptocurrency donations since 2013, with the first donation coming from Brian Cartmell of 500 Bitcoins. It currently holds a large amount of cryptocurrency and has not immediately converted it into fiat currency. Donors include Jaan Tallinn and Charlie Shrem, receiving a total of over 1100 Bitcoins and 190 Ethereums. Currently, most donors are businesses hoping to improve their search engine rankings by displaying their name and link on the website.

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GateUser-5c39b8bcvip
· 2024-07-23 04:45
Wen Lambo? 🏎️
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