Judge approves $12.70 billion settlement between FTX, Alameda and CFTC
2024-08-08 05:03:18
A document united states district judge petercastel official approveddesk3cryptocurrencydesktopCrypto News
In an Aug. 7 filing, U.S. District Judge Peter Castel formally approved the $12.70 billion settlement reached by FTX and Alameda to resolve the CFTC's 20-month-old lawsuit. Notably, the CFTC is not seeking a civil penalty, meaning the entire $12.70 billion will be used to directly repay FTX creditors.
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