Cross posting from here

Thanks for flagging! New donations won’t be used for this settlement. The funding for the settlements has already been secured, and none of EV’s projects will need to allocate any additional funding. Besides funding that came from FTX, no funds that have previously been donated to a specific project will be used as part of this settlement.

As noted by Jason, the EV US settlement remains subject to court approval, and we won’t be commenting on it further while the settlement process is still underway. With that being said, we didn’t want any misunderstandings to disrupt CEA’s fundraising efforts in the meantime. 

Also, as a minor correction, the motion to approve the settlement was not filed by EV US – it was filed by the FTX debtors (this is standard practice for approval of settlements in bankruptcy cases).

Thanks for flagging! New donations won’t be used for this settlement. The funding for the settlements has already been secured, and none of EV’s projects will need to allocate any additional funding. Besides funding that came from FTX, no funds that have previously been donated to a specific project will be used as part of this settlement.

As noted by Jason, the EV US settlement remains subject to court approval, and we won’t be commenting on it further while the settlement process is still underway. With that being said, we didn’t want any misunderstandings to disrupt CEA’s fundraising efforts in the meantime. 

Zach (Interim CEO of EV US) here. We’d still like to get out more information on EV’s communications and policies. There have been a number of personnel changes and other updates that have made this take longer than intended when the original post was written, but it’s on our to do list.