FTX Settles CFTC Lawsuit, Agrees to $12.7 Billion Payout
1 min read
A pivotal development in the ongoing FTX bankruptcy saga emerged as New York Judge P. Kevin Castel approved a consent order requiring the defunct crypto exchange and its sister company, Alameda Research, to pay $12.7 billion in restitution to defrauded investors. This ruling concludes a 20-month CFTC lawsuit triggered by FTX’s collapse during the 2022 The post FTX Settles CFTC Lawsuit, Agrees to $12.7 Billion Payout appeared first on Coin Edition .
Source: Coin Edition
