FTX Trading and the Commodity Futures Trading Commission (CFTC) have agreed on a $4 billion settlement in bankruptcy court to settle the CFTC’s lawsuit against the failed crypto trading platform.
The settlement agreement, filed Friday in U.S. Bankruptcy Court for the District of Delaware, would only take effect once the final resolution of the bankruptcy case is completed. The settlement also included a provision for FTX to pay $8.7 billion in restitution to its former customers.
