A New York judge has ordered FTX and Alameda Research to pay $12.7 billion to their creditors, ending a 20-month lawsuit initiated by the CFTC.
A New York judge recently ordered FTX and Alameda Research to pay $12.7 billion to their creditors, putting an end to a 20-month lawsuit initiated by the Commodity Futures Trading Commission (CFTC). The order, approved by Judge Peter Castel on August 7th, also prohibits FTX and Alameda from trading digital assets and acting as intermediaries in the market.
