I feel like a key point in the article has been drowned out by the discussion of inaccuracies (which is legitimate, but I want to track this other point): that the FTX estate has an active suit against Lightcone/CFAR, and that Lightcone/CFAR didn’t respond to multiple communication attempts by FTX last year. Even if the money Lightcone received from FTX wasn’t used to pay for the Rose Garden Inn, it seems like they still received money from FTX that they haven’t returned. The court documents list several payments made from the FTX Foundation or FTX Trading Ltd. to CFAR in 2022, including on March 3, July 8, July 13, August 18, September 20, and October 3 (in total, allegedly millions of dollars).
My prior was that Oliver Habryka has been particularly vocal about EA’s role in FTX-related harms. In trying to avoid perpetuating or participating in these harms, I would have expected that Lightcone would have reached a settlement with the FTX estate or paid them back for any FTX money that they received that could have been from fraud. I’m curious why this hasn’t happened.
I feel like a key point in the article has been drowned out by the discussion of inaccuracies (which is legitimate, but I want to track this other point): that the FTX estate has an active suit against Lightcone/CFAR, and that Lightcone/CFAR didn’t respond to multiple communication attempts by FTX last year. Even if the money Lightcone received from FTX wasn’t used to pay for the Rose Garden Inn, it seems like they still received money from FTX that they haven’t returned. The court documents list several payments made from the FTX Foundation or FTX Trading Ltd. to CFAR in 2022, including on March 3, July 8, July 13, August 18, September 20, and October 3 (in total, allegedly millions of dollars).
My prior was that Oliver Habryka has been particularly vocal about EA’s role in FTX-related harms. In trying to avoid perpetuating or participating in these harms, I would have expected that Lightcone would have reached a settlement with the FTX estate or paid them back for any FTX money that they received that could have been from fraud. I’m curious why this hasn’t happened.