FTX and CFTC reach $12.7 billion settlement after 19 months of litigation. 🤑
- This agreement is an important part of FTX's chapter 11 reorganization plan.
- Resolve disputes with largest creditors, avoiding costs and delaying litigation.
- CFTC sues FTX and former CEO Sam Bankman-Fried for fraud and deceit.
- The agreement includes $8.7 billion in compensation and $4 billion in restitution.
- The court will review the agreement on August 6 in Delaware.
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