I want to be really careful not to give legal advice here, both for the usual reasons and because this is a complex multijurisdictional bankruptcy affair.
I think I had the explainer written by Open Phil’s outside counsel shortly after implosion in mind, but it doesn’t contain a citation.
This is definitely one of those cases where you should obtain legal advice (perhaps jointly with people in a similar situation) before giving the monies away.
I suspect it will be a long time before we know “the FTX debtors are paid back,” especially since so much of the asset base is highly volatile. Thankfully, interest rates are good at the moment, so you can ~preserve the power of the donation by putting the funds in short-term Treasuries (or equivalent) while you wait.
I want to be really careful not to give legal advice here, both for the usual reasons and because this is a complex multijurisdictional bankruptcy affair.
I think I had the explainer written by Open Phil’s outside counsel shortly after implosion in mind, but it doesn’t contain a citation.
This is definitely one of those cases where you should obtain legal advice (perhaps jointly with people in a similar situation) before giving the monies away.
I suspect it will be a long time before we know “the FTX debtors are paid back,” especially since so much of the asset base is highly volatile. Thankfully, interest rates are good at the moment, so you can ~preserve the power of the donation by putting the funds in short-term Treasuries (or equivalent) while you wait.