FTX and CFTC Agree to $12.7 Billion Settlement Pending Court Approval
FTX and the Commodity Futures Trading Commission (CFTC) have agreed to a $12.7B settlement.
By: DeepNewz • July 17, 2024
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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.
This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.
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