Hi @Hamish Doodle. My post cited here with regards to “If you got money from FTX, do you have to give it back?” and “If you got money from FTX, should you spend it?” was intended to inform people about not spending FTX money (if possible) until Molly’s announced EA forum post. She has now posted it here.
Could you please add/link that source? I believe the takeaway is simillar but it’s a much more informative post. The key section is:
Essentially, if you received money from an FTX entity in the debtor group anytime on or after approximately August 11, 2022, the bankruptcy process will probably ask you, at some point, to pay all or part of that money back. It’s almost impossible to say right now whether any specific grant or contract will be subject to clawback – there just isn’t enough information on the court docket – and if your transaction is captured, you will eventually receive formal notice from the bankruptcy court and will have an opportunity to raise a defense, negotiate a settlement, or litigate. You can read a legal explainer about preference claims here.
Hi @Hamish Doodle. My post cited here with regards to “If you got money from FTX, do you have to give it back?” and “If you got money from FTX, should you spend it?” was intended to inform people about not spending FTX money (if possible) until Molly’s announced EA forum post. She has now posted it here.
Could you please add/link that source? I believe the takeaway is simillar but it’s a much more informative post. The key section is:
Thanks!
I have incorporated information from Molly’s post.