US judge orders FTX and Alameda Research to repay $12.7bn to creditors as part of CFTC resolution.
FTX Trading and Alameda Research have been ordered by a US judge to repay $12.7bn to creditors, according to a recent report. The order, which does not include civil penalties, bans the now-failed crypto exchange and its affiliate from engaging in digital asset trading and acting as market intermediaries. The repayment comes as part of a resolution to charges brought by the US Commodity Futures Trading Commission (CFTC).
August 08, 2024
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