Crypto Exchange FTX Hit with $12.7 Billion Payout Order

FTX’s $12.7 Billion Settlement: A Comprehensive Breakdown and Implications In a landmark decision, a U.S. court has mandated that the now-bankrupt cryptocurrency exchange FTX pay $12.7 billion to its customers. This order, as announced by the Commodity Futures Trading Commission (CFTC), comes after allegations that FTX engaged in misappropriating customer deposits to fund risky investments.... source: https://sfctoday.com/crypto-exchange-ftx-hit-with-12-7-billion-payout-order/