Published 3 months ago

FTX Reaches Settlement With CFTC, $4B Claim Subordinated

Summary by Coingape

FTX, the collapsed digital asset exchange, has reached a settlement with the Commodity Futures Trading Commission (CFTC). This agreement, which awaits court approval, marks a pivotal moment in the ongoing FTX bankruptcy saga that has captivated the crypto industry since late 2022. The settlement involves a complex arrangement concerning a $4 billion CFTC claim and introduces a new mechanism for potential additional compensation to affected crypt…

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FTX Reaches Settlement With CFTC, $4B Claim Subordinated

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