FTX and the CFTC reached a $12.7 billion settlement, settling a 19-month lawsuit.

- The agreement is subject to court approval.

- Includes $8.7 billion in restitution and $4 billion in disgorgement.

- The court hearing is scheduled for August 6.

- Creditors vote on the form of payments until August 16.

FTX promises a 118% return for 98% of lenders, but many prefer cryptocurrency. 📉