US District Judge Peter Castel has approved a $12.7 billion settlement in a case involving the US Commodity Futures Trading Commission (CFTC), the bankrupt FTX exchange, and its affiliate, Alameda Research, according to a court filing dated Aug. 7. Judge Castel’s ruling mandates that FTX and Alameda must pay $8.7 billion in restitution to investors […]
The post Defunct FTX and Alameda banned from crypto trading in $12.7 billion CFTC settlement appeared first on CryptoSlate.
Originally appeared here:
Defunct FTX and Alameda banned from crypto trading in $12.7 billion CFTC settlement