#FTX and #CFTC agree to $12.7 billion settlement following months of negotiations!
The two have been negotiating over the past few months, according to a court document filed on July 12 in the U.S. Bankruptcy Court for the District of Delaware.
As part of the settlement, the CFTC agreed it would receive nothing as long as FTX complies with its reorganization plan. Therefore FTX will pay up to $12.7 billion to creditors, subject to available funds.
