News Explorer — CFTC Secures $12.7 Billion Settlement With FTX

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Jul 16, 10:11 pm

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CFTC Secures $12.7 Billion Settlement With FTX

FTX, the collapsed crypto company, has reached a settlement with the CFTC and is expected to pay $12.7 billion to resolve the lawsuit. The settlement includes $4 billion in disgorgement fees and $8.7 billion in restitution fees, pending court approval. The settlement provides certainty and allows for the prompt distribution of funds to creditors and customers.

FTX, the collapsed crypto company, has reached a settlement with the CFTC and is expected to pay $12.7 billion to resolve the lawsuit. The settlement includes $4 billion in disgorgement fees and $8.7 billion in restitution fees, pending court approval. The settlement provides certainty and allows for the prompt distribution of funds to creditors and customers.

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