[on phone] Thank you so much for all of your hard work managing the fund. I really appreciated it and I think that it did a lot of good. I doubt that you could have ever have reasonably expected this outcome so I don’t hold you responsible for it.
Reading this announcement was surprisingly emotional for me. It made me realise how many exceptionally good people who I really admire are going to be deeply impacted by all of this. That’s really sad in addition to all the other stuff to be sad about. I probably don’t have much to offer other than my thoughts and sympathy but please let me know if I can help.
I suppose that I should disclose that I recently received a regrant from FTX which I will abstain from drawing on for the moment. I don’t think that this has much, if any, relevance to my sentiments however.
I have no idea under what circumstances clawbacks can happen. If you have good reasons to believe this is plausible, then it seems worth it to write a top level post on it.
The comment below that this is like Bernie Madoff is not right as far as I can see. This is a different situation, with different facts—including that we have, as yet, no idea what those facts are! Your situation will also be individual—if you took the funds as a limited company is different to if you took them individually, for example, with different effects most likely. It is also entirely unknown what is happening. Nothing has been made clear officially, no one knows what’s going on and you—importantly—had nothing to do with any of that stuff that is being potentially alleged (not yet actually alleged by any authority).
I’m not giving legal advice here. I’m just stating that being calm is the right response and that googling Bernie Madoff (as suggested below), won’t most likely be of any help.
[on phone] Thank you so much for all of your hard work managing the fund. I really appreciated it and I think that it did a lot of good. I doubt that you could have ever have reasonably expected this outcome so I don’t hold you responsible for it.
Reading this announcement was surprisingly emotional for me. It made me realise how many exceptionally good people who I really admire are going to be deeply impacted by all of this. That’s really sad in addition to all the other stuff to be sad about. I probably don’t have much to offer other than my thoughts and sympathy but please let me know if I can help.
I suppose that I should disclose that I recently received a regrant from FTX which I will abstain from drawing on for the moment. I don’t think that this has much, if any, relevance to my sentiments however.
I would not draw on that grant for quite some time, if ever: you should be worried about clawbacks.
I have no idea under what circumstances clawbacks can happen. If you have good reasons to believe this is plausible, then it seems worth it to write a top level post on it.
https://forum.effectivealtruism.org/posts/BesfLENShzSMeb7Xi/community-support-given-ftx-situation?commentId=y7hEdxGhjsYzpg6p3 OpenPhilantropy expects to put out an explainer about clawbacks tomorrow
The comment below that this is like Bernie Madoff is not right as far as I can see. This is a different situation, with different facts—including that we have, as yet, no idea what those facts are! Your situation will also be individual—if you took the funds as a limited company is different to if you took them individually, for example, with different effects most likely. It is also entirely unknown what is happening. Nothing has been made clear officially, no one knows what’s going on and you—importantly—had nothing to do with any of that stuff that is being potentially alleged (not yet actually alleged by any authority).
I’m not giving legal advice here. I’m just stating that being calm is the right response and that googling Bernie Madoff (as suggested below), won’t most likely be of any help.
Google exists, use it, don’t be lazy. If you search “bernie madoff restitution” that should help.