We’re announcing two updates today that we believe will strengthen the effective altruism ecosystem. FTX updates  First, we’re pleased to say that both Effective Ventures UK and Effective Ventures US have agreed to settlements with the FTX bankruptcy estate. As part of these settlements, EV US and EV UK (which I’ll collectively refer to as “EV”) have between them paid the estate $26,786,503, an amount equal to 100% of the funds the entities received from FTX and the FTX Foundation (which I’ll collectively refer to as “FTX”) in 2022. All of this money was either originally received from FTX or allocated to pay the settlement with the knowledge and support of their original donor. This means that EV's projects can continue to fundraise with confidence that donations won’t be used to cover the cost of this settlement. We strongly condemn fraud and the actions underlying Sam Bankman-Fried's conviction. Also [...] ---Outline:(00:12) FTX updates(02:59) Future of EV---
First published:
December 13th, 2023

Source:
https://forum.effectivealtruism.org/posts/HjsfHwqasyQMWRzZN/ev-updates-ftx-settlement-and-the-future-of-ev
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