EA - Process for Returning FTX Funds Announced by Molly

Link to original articleWelcome to The Nonlinear Library, where we use Text-to-Speech software to convert the best writing from the Rationalist and EA communities into audio. This is: Process for Returning FTX Funds Announced, published by Molly on December 20, 2022 on The Effective Altruism Forum.FTX has put out a press release announcing a “process for voluntary return of avoidable payments.” This may be a useful option for grantees looking to urgently return any FTX-associated funding rather than wait for the bankruptcy process to play out. But anyone interested in returning money should keep in mind that in order to avoid being subject to redundant clawbacks or other legal claims later, it’s crucial to receive proper release-of-claims paperwork in exchange for returning funding. I strongly recommend you consult with a bankruptcy lawyer before starting this process. The Open Phil legal team is putting together a list of legal service providers for grantees who want to explore this option; we’ll follow up after the holidays with more information.Thanks for listening. To help us out with The Nonlinear Library or to learn more, please visit nonlinear.org.