FTX, Alameda Settle Bankruptcy Dispute
This is a New York news story, published by CoinGape, that relates primarily to Alameda Research news.
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•US Judge Orders FTX and Alameda To Pay Creditors $12.7B In CFTC Settlement
63% Informative
FTX and Alameda Research will pay creditors $12.7 billion after approval by a New York Judge.
This follows a settlement after a 20-month lawsuit with the US regulator.
FTX announced bankruptcy with allegations of commingling user funds and fraud.
This led to creditors and investors being unable to access their assets.
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