FTX Strikes $12.7 Billion Deal with CFTC: What’s Next for Investors? After a two-year legal saga and mounting investor frustration, FTX and the CFTC have inked a colossal $12.7 billion settlement.

The consent order of permanent injunction requires FTX to pay $8.7 billion in restitution and $4 billion in other remedies, which will be used to compensate victims of what the CFTC called a ...

The US Commodities Futures Trading Commission (CFTC) reached an agreement with the FTX exchange. The clients of the failed investment platform will be compensated with $12.7B. FTX Trading Ltd. and ...

FTX Strikes a $12.7 Billion Deal with CFTC After Two-Year Legal Battle FTX's dramatic bankruptcy saga in 2022 led to a storm of civil lawsuits and investor outrage. Now, after two grueling years ...

And the CFTC "achieved it with remarkable speed," McGinley boasted. "FTX’s massive fraud collapsed 21 months ago, and in that time, the CFTC investigated, filed a complaint, and achieved what ...

The CFTC’s enforcement efforts in 2024 were headlined by its actions against cryptocurrency giants FTX and Binance. These cases alone accounted for a significant portion of the agency’s record ...

In a related settlement approved by the Bankruptcy Court for the District of Delaware, the CFTC agreed not to seek a civil monetary penalty against FTX and to subordinate its monetary claims to ...

(MENAFN- eTrendy Stock) FTX has settled with the United States Commodity Futures Trading Commission (CFTC), subordinating the $4 billion claim to creditor claims plus interest. According to ...

Sam-Bankman Fried, FTX, and Binance account for over 90% of the CFTC’s 2024 monetary recoveries and fines. The SEC imposed a total of $4.6 billion in fines against crypto firms in 2024.

Aug 8 (Reuters) - A U.S. court has ordered bankrupt cryptocurrency exchange FTX to pay $12.7 billion in relief to its customers, the Commodity Futures Trading Commission said on Thursday.