Lifeboat Foundation accepts cryptocurrency donations, but nonprofit status in question

Odaily News The Lifeboat Foundation claims to be dedicated to "protecting humanity" and has been associated with prominent figures such as Jeffrey Epstein and Vitalik Buterin. Despite its claim to have non-profit 501(c)(3) status, it has been on the IRS's automatic revocation list since 2020. The foundation has accepted cryptocurrency donations since 2013, with the first donation coming from Brian Cartmell of 500 Bitcoins, and currently holds a large amount of cryptocurrency that is not immediately converted to fiat currency. Donors include Jaan Tallinn and Charlie Shrem, who have received a total of more than 1,100 Bitcoins and 190 Ethereums. Currently, most donors are businesses that want to improve their search engine rankings by displaying their names and links on their websites.