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 $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.

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 ...

“FTX’s massive fraud collapsed 21 months ago and in that time the CFTC investigated, filed a complaint, and achieved what many thought was impossible at the time of the collapse — a ...

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 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 consent order also finds FTX violated the Commodity Exchange Act (CEA) and CFTC regulations, imposes injunctions against further violations of the CEA and CFTC regulations as well as trading ...

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 ...

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 ...