FTX and the US commodities regulator reached a $12.7 billion settlement to resolve the 19-month-old lawsuit. This agreement is subject to court approval and is a key part of FTX's proposed chapter 11 restructuring plan. The agreement reduces the risk of diminishing assets to be distributed to creditors by avoiding litigation costs and delays. The CFTC filed a lawsuit against FTX and its former CEO Sam Bankman-Fried in December 2022, alleging fraud. The agreement includes $8.7 billion in damages and $4 billion in repayment. We welcome your comments: How does this deal affect the future of FTX?