FTX and CFTC Agree on $12.7 Billion Settlement to Repay Creditors

The recently bankrupt cryptocurrency exchange FTX has settled a monumental $12.7 billion lawsuit with the U.S. Commodity Futures Trading Commission (CFTC). The settlement, drafted after protracted negotiations, aims entirely at reimbursing FTX’s creditors. “This settlement is a key element in FTX’s chapter 11 restructuring plan,” noted both CFTC senior trial attorney Carlin R. Metzger and

Source: CoinOtag