FTX and CFTC Agree to $12.7 Billion Settlement Pending Court Approval – Crypto News – Crypto News
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FTX and CFTC Agree to $12.7 Billion Settlement Pending Court Approval FTX and CFTC Agree to $12.7 Billion Settlement Pending Court Approval

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FTX and CFTC Agree to $12.7 Billion Settlement Pending Court Approval – Crypto News

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FTX and the Commodity Futures Trading Commission (CFTC) have agreed to a $12.7B settlement.

FTX and the Commodity Futures Trading Commission (CFTC) have agreed to a $12.7 billion settlement after months of negotiations.

The settlement includes $8.7 billion in restitution and $4 billion in disgorgement, aimed at repaying creditors directly.

No civil monetary penalties were imposed as part of the agreement. The settlement is subject to court approval and resolves a 19-month lawsuit.

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