Published 07/16/2024 11:00:31 p.m.

FTX and CFTC agree to $12.7B settlement, subject to court approval

Summary by Cointelegraph

The US commodities regulator didn’t seek a civil monetary penalty, meaning the entire $12.7 billion would be used to pay back FTX’s creditors.

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Cointelegraph

FTX and CFTC agree to $12.7B settlement, subject to court approval

The US commodities regulator didn’t seek a civil monetary penalty, meaning the entire $12.7 billion would be used to pay back FTX’s creditors.

07/16/2024 11:00:31 p.m.

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Techmeme

Court filing: FTX and the CFTC agree a $12.7B settlement after months of negotiations, pending a judge's approval; FTX will return up to $12.7B to creditors

The essential tech news of the moment. Technology's news site of record. Not for dummies.

07/17/2024 9:35:06 a.m.

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decrypt.co

FTX Agrees to $12.7 Billion Settlement With CFTC Over Collapse

The Commodity Futures Trading Commission sued FTX in 2022 following the disgraced crypto brand’s downfall.

07/16/2024 10:11:38 p.m.

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The Defiant

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

FTX and the Commodity Futures Trading Commission (CFTC) have agreed to a $12.7 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.To continue reading this as well as other DeFi and Web3 …

07/17/2024 7:10:21 a.m.

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