#FTX case makes major progress! ⚖️
Settlement Approval 📜
A US judge has approved a $12.7 billion settlement between FTX, Alameda Research and the CFTC. This brings an end to a 20-month legal battle.
Compensation and Statutory Restitution 💰
FTX and Alameda will pay $8.7 billion in compensation to those who lost money, plus an additional $4 billion in statutory restitution.
A Major Step for Victims 🔄
This settlement is a major step toward making things right for FTX victims.
Diversion of Funds 🤔
The big question remains: Will these funds be returned directly to individual investors who suffered losses, or will they be directed to the US Treasury?
Adequacy Question ❓
Will this settlement be enough to compensate those who lost money in the FTX collapse? DYOR!!
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