FTX Token

<p>Collapsed crypto exchange FTX and its affiliate Alameda Research have been ordered by a U.S. court to pay $12.7 billion to customers and victims of their fraud. The ruling, approved by a federal judge, resolves a lawsuit filed by the Commodity Futures Trading Commission (CFTC) in December 2022.</p><p>The settlement includes $8.7 billion in restitution and $4 billion in disgorgement. The CFTC agreed to prioritize victims&#39; claims over its own and will not seek additional civil penalties. The ruling follows the sentencing of FTX founder Sam Bankman-Fried to 25 years in prison for his role in the massive fraud.</p>

FTX Ordered to Pay $12.7 Billion to Creditors in Fraud Settlement

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