Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
New York judge approves FTX and Alameda to repay $12.7 billion to creditors

New York judge approves FTX and Alameda to repay $12.7 billion to creditors

CointimeCointime2024/08/08 06:24
By:Cointime

According to TechFlow news, on August 7th, New York judge Peter Castel officially approved a $12.7 billion consent order requiring the bankrupt cryptocurrency exchange FTX and its affiliated trading company Alameda Research to repay this amount to FTX creditors. This is part of a settlement reached with the US Commodity Futures Trading Commission (CFTC), ending a 20-month lawsuit.Earlier news reported that FTX and the US Commodity Futures Trading Commission (CFTC) had reached a $12.7 billion settlement agreement, pending approval by a Delaware judge. The settlement agreement includes $8.7 billion in restitution and $4 billion in disgorgement. A hearing will be held on August 6th.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

CandyBomb x DEBIT (Episode 2): Trade to share 45,000 USDT

Bitget Announcement2026/09/11 12:00

CandyBomb x CNPY: Trade to share 75,000 USDC

Bitget Announcement2026/09/08 13:00

New spot margin trading pair — CP/USDT, SOPH/USDT!

Bitget Announcement2026/09/08 11:00