U.S. District Judge Peter Castel has officially signed off on the settlement agreement between FTX and the commodities regulator, which means $12.7 billion will be repaid to FTX creditors.
JinseFinanceFTX and CFTC settle for $12.7 billion, repaying creditors fully. Pending judge's approval, no civil penalty. Creditors vote on payout method amid rising cryptocurrency values since bankruptcy.
EdmundThe U.S. commodities regulator did not seek a civil penalty, meaning the entire $12.7 billion will go toward repaying FTX’s creditors.
JinseFinanceFTX settles with the CFTC for $12.7 billion, resolving fraud allegations and aiding its reorganization plan.
BerniceFTX Europe returns to its founders after a legal dispute, marking a pivotal shift towards recovery and strategic rejuvenation in the cryptocurrency industry.
MiyukiBinance to pay $2.7 billion, ex-CEO CZ faces $150 million penalty in US court-approved settlement with Commodity Futures Trading Commission.
Hui XinThe U.S. CFTC today announced a lawsuit against crypto exchange FTX founder Sam Bankman-Fried over alleged violations of federal commodities laws.
decryptCommissioner Kristin N. Johnson said that the regulator is monitoring crypto clearinghouse LedgerX on a “daily if not hourly basis.”
OthersHe says the FTX proposal for directly clearing certain crypto derivatives without intermediaries is still being weighed and would mark a “significant shift.”
CoindeskDiscussions at FTX.US on a proposal for the clearing of non-intermediated margin products have highlighted unknowns and the need for more regulatory framework.
Cointelegraph