extending the close for another year

that is wild that the lawyers in charge are still trying to sue nonprofits to get money back even after they've been able to repay the depositors 122% and pay themselves hundreds of millions. Maybe would have been better for all parties concerned if FTX had never declared bankruptcy, never hired John Ray, and just issued IOU tokens to be redeemed later like bitfinex

@JonathanRay Will this get extended again?

https://restructuring.ra.kroll.com/ftx/Home-DownloadPDF?id1=MzIyNDc5MQ==&id2=-1

@JonathanRay

now that crypto has gone up enough to make all the depositors "whole" (modulo the lawyers freerolling them and only giving them what the crypto was worth back in the depths of the bear market) I don't think charitable contributions are likely to be clawed back

@JonathanRay see November and December updates on the case! Filings have started already, including Manifolds funds!

Does this include funds flowing to the FTX bankruptcy estate because a grantee files for bankruptcy and the FTX estate filed an allowed proof of claim against the grantee?

@Jason I don't know the legalese there, but I would assume the direct creditors of the grantee would have a senior claim to the creditors of the grantor, if the latter have any claim at all.

@JonathanRay The grantor's potential fraudulent conveyance or preference claim would presumably make them a general unsecured creditor under US law. But many creditors are neither secured (by a mortgage etc.) or priority (eg certain unpaid employee wages, or taxes) -- and are thus general unsecured creditors too.

Seems like the terms of this are on net narrower than Yud's question, so the probability should be lower. It only includes grants from FTXFF, and only includes legal judgments rather than settlements.

To clarify, "legally compelled" means a judge orders them to return the money and then they return the money. Settling doesn't count. Lots of people settle to make lawsuits go away which would not have prevailed in court.

Does this include regrant recipients?

@RobiRahman yes

Will any FTXFF grantee be legally compelled to return funds due to FTX's bankruptcy?, 8k, beautiful, illustration, trending on art station, picture of the day, epic composition