FTX and Alameda To Pay Creditors $12.7B In CFTC Settlement

A US Judge has approved a settlement between defunct crypto exchange FTX and sister company Alameda Research alongside the Commodity and Futures Exchange Commission (CFTC). The bankrupt exchange will repay creditors $12.7 billion after its collapse in November 2022. The company’s implosion rocked the crypto market with billions in assets lost.