2 ms·
I believe the creditors would have to challenge the gift as a "fraudulent transfer", based on the idea that at the time the giver knew they were open to a huge
by mindslight 4y ago
I believe the creditors would have to challenge the gift as a "fraudulent transfer", based on the idea that at the time the giver knew they were open to a huge liability from having taken the money in the first place. And then another similar step to go after the money that went to the attorneys.
And in this case the "creditor" would be the FTX bankruptcy estate, led by whomever has been appointed the receiver. Theoretically they should be working for creditors of FTX, but can obviously have their own motivations of expediency, not wanting to rock the boat by suing another firm, etc.