Thanks for flagging! New donations won’t be used for this settlement. The funding for the settlements has already been secured, and none of EV’s projects will need to allocate any additional funding. Besides funding that came from FTX, no funds that have previously been donated to a specific project will be used as part of this settlement.
As noted by Jason, the EV US settlement remains subject to court approval, and we won’t be commenting on it further while the settlement process is still underway. With that being said, we didn’t want any misunderstandings to disrupt CEA’s fundraising efforts in the meantime.
Also, as a minor correction, the motion to approve the settlement was not filed by EV US – it was filed by the FTX debtors (this is standard practice for approval of settlements in bankruptcy cases).
Cross posting from here
Thanks for flagging! New donations won’t be used for this settlement. The funding for the settlements has already been secured, and none of EV’s projects will need to allocate any additional funding. Besides funding that came from FTX, no funds that have previously been donated to a specific project will be used as part of this settlement.
As noted by Jason, the EV US settlement remains subject to court approval, and we won’t be commenting on it further while the settlement process is still underway. With that being said, we didn’t want any misunderstandings to disrupt CEA’s fundraising efforts in the meantime.
Also, as a minor correction, the motion to approve the settlement was not filed by EV US – it was filed by the FTX debtors (this is standard practice for approval of settlements in bankruptcy cases).