Hi Warren! As far as I know, the FTX Foundation itself isn’t in bankruptcy. However, because all the money came from entities who are now in bankruptcy (and were very likely insolvent at the time of transfer), my presumption is that the Foundation’s grantees would be subsequent transferees for purposes of 11 USC 550(a)(2) even if there is no substantive consolidation.
Hi Warren! As far as I know, the FTX Foundation itself isn’t in bankruptcy. However, because all the money came from entities who are now in bankruptcy (and were very likely insolvent at the time of transfer), my presumption is that the Foundation’s grantees would be subsequent transferees for purposes of 11 USC 550(a)(2) even if there is no substantive consolidation.