FTX Agrees to Pay $12.7 Billion In CFTC Lawsuit Settlement

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9 months ago bitnews

FTX settles with CFTC for $12.7 Billion over 2022 collapse, paying $4B in disgorgement and $8.7B in restitution. The settlement aims to resolve Chapter 11 bankruptcy and facilitate creditor repayment. CFTC Chair warns regulatory framework is still vulnerable to similar collapses as FTX. Bankrupt digital currency exchange FTX recently settled with the Commodity Futures Trading