Will projects which recently received grants via FTX Foundation, Inc. (i.e., the non-profit entity associated with the Future Fund) receive a demand to give the money back (e.g., to be distributed among FTX bankruptcy creditors)?
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Vertraagd14 nov 22, 03:03 UTC31 dec 27, 23:59 UTC
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As almost all of you have likely heard, FTX, FTX US, and Alameda will file for Chapter 11 bankruptcy in the U.S.
- The question is, by 2028, will at least 50% of U.S. based distinct entities that received those grants via the FTX Foundation, Inc. (received within the past 90 days of the date of bankruptcy filing) have their money attempted to be "clawed back" - in the sense that they are told (e.g., by a court order or letter from the FTX entities or letter from creditors) that they have to give back the money (e.g., to be redistributed among bankruptcy creditors)?
- This is NOT an estimate of whether such projects would be forced to give the money back if they were to defend themselves in court, only whether they will receive such a demand (e.g., via a letter from the FTX entities).
- Some relevant links:
- https://forum.effectivealtruism.org/posts/o8B9kCkwteSqZg9zc/thoughts-on-legal-concerns-surrounding-the-ftx-situation
