Quick response to comments about potential clawbacks: OP expects to put out an explainer about clawbacks tomorrow. It’ll be written by our outside counsel and probably won’t contain much in the way of specifics, but I think generally FTX grantees should avoid spending additional $$ on legal advice about this just yet.
Also, please don’t take this as evidence that we expect clawbacks to happen, just that we know it’s an issue of community concern.
Update that I don’t think I’m going to be able to meet the timeline I set myself and have a product I think is worth sharing. Given that this is a holiday weekend it might be hard to find good advisors who are willing to work on this before Monday, but I’m going to try.
Hello, if you plan on making further interactions on the forum, you might consider it useful to add your role to your profile, this would make your interactions more clear to a wider audience.
Quick response to comments about potential clawbacks: OP expects to put out an explainer about clawbacks tomorrow. It’ll be written by our outside counsel and probably won’t contain much in the way of specifics, but I think generally FTX grantees should avoid spending additional $$ on legal advice about this just yet.
Also, please don’t take this as evidence that we expect clawbacks to happen, just that we know it’s an issue of community concern.
Update that I don’t think I’m going to be able to meet the timeline I set myself and have a product I think is worth sharing. Given that this is a holiday weekend it might be hard to find good advisors who are willing to work on this before Monday, but I’m going to try.
I presume this advice will be tailored for the legal situation in the US, since that is (I guess) the majority of grantees?
It’ll be an explainer about how US clawbacks work, yes.
(and mandatory disclaimer: it’ll be an explanation of legal context but not legal advice)
Hello, if you plan on making further interactions on the forum, you might consider it useful to add your role to your profile, this would make your interactions more clear to a wider audience.
The link is probably here: https://forum.effectivealtruism.org/profile/molly/edit (this only works for you obviously).
Thanks! Updated.
Post is now up here: https://forum.effectivealtruism.org/posts/o8B9kCkwteSqZg9zc/thoughts-on-legal-concerns-surrounding-the-ftx-situation
(links to more resources including the explainer in the post)