I also would think, how would returning of that money change the situation that FTX is in and those that have experienced losses from this? It would take a significant amount of money, and without more knowledge on how the situation is it could be that (a) FTX finds better solutions, (b) FTXFF accepts the return of that money, but because it is a separate entity from FTX, it is not returned to those who faced losses from FTX in the first place but into the wallets of the donor.
Just adding more questions/ food for thought, as I guess the things I am saying are more practical than moral but may affect whether there are any moral obligations.
Not sure if b) is correct. If FTXFF is in fact separate from FTX, giving the money back (to FTXFF) would not mean giving it back to the donor (FTX) but rather to the foundation managers / bank accounts. What this would then mean remains a big question, as the whole leadership resigned.
But still, yes, the money will most likely not end up in the wallets of traders.
Yeah this seems super relevant, great point! To be honest I’m skeptical of how separate “FTX Foundation, Inc.” is/was from the rest of the FTX conglomerate. Would be useful to see the Foundation’s finances after this all shakes out.
I also would think, how would returning of that money change the situation that FTX is in and those that have experienced losses from this? It would take a significant amount of money, and without more knowledge on how the situation is it could be that (a) FTX finds better solutions, (b) FTXFF accepts the return of that money, but because it is a separate entity from FTX, it is not returned to those who faced losses from FTX in the first place but into the wallets of the donor.
Just adding more questions/ food for thought, as I guess the things I am saying are more practical than moral but may affect whether there are any moral obligations.
Not sure if b) is correct. If FTXFF is in fact separate from FTX, giving the money back (to FTXFF) would not mean giving it back to the donor (FTX) but rather to the foundation managers / bank accounts. What this would then mean remains a big question, as the whole leadership resigned.
But still, yes, the money will most likely not end up in the wallets of traders.
Yeah this seems super relevant, great point! To be honest I’m skeptical of how separate “FTX Foundation, Inc.” is/was from the rest of the FTX conglomerate. Would be useful to see the Foundation’s finances after this all shakes out.