Joe Bankman, father of FTX CEO Sam Bankman-Fried, says he “developed” the million-dollar “hackathon” for Broward school students. Bankman is the brother of democrat lobbyist and political consultant Barbara Miller.

Last March, three Broward high school students won $500,000 for their entry in the FTX Hackathon and Crypto Summit at the FTX Arena in Miami.

Since 2021, the event welcomed students from Broward, Palm Beach and Miami Dade. In a promotional video, Bankman said the 2023 event would welcome students from across the United States.

Last week, FTX filed for bankruptcy after liquidity issues swirled around Sam Bankman-Fried’s cryptocurrency empire. According to Marketwatch, “The senior staff of Bankman-Fried’s philanthropic FTX Future Fund publicly quit Thursday night, saying that the fund could no longer operate or process grants, and that they ‘have fundamental questions about the legitimacy and integrity of the business operations that were funding the FTX Foundation and the Future Fund.’”

“The group added, ‘We are devastated to say that it looks likely that there are many committed grants that the Future Fund will be unable to honor.’”

Where did the $500,000 earned by the Broward Students go?