According to Cointelegraph, in a document on August 7, U.S. District Judge Peter Castel formally approved the $12.7 billion settlement reached between FTX and Alameda to resolve the CFTC's 20-month lawsuit. It is worth noting that the CFTC did not seek civil penalties, which means that the entire $12.7 billion will be used to directly repay FTX creditors. . Previously, FTX and the U.S. Commodity Futures Trading Commission (CFTC) had reached a $12.7 billion settlement agreement, pending approval by a Delaware judge. The settlement includes $8.7 billion in compensation and $4 billion in disgorgement.