FTX must pay $12.7 billion in compensation to creditors, as approved by the court. This settlement, reached between FTX and the U.S. Commodity Futures Trading Commission (CFTC), includes $8.7 billion to be repaid to creditors and $4 billion to be confiscated as illegal assets. On August 7th, Judge Peter Castel approved the agreement, allowing $8.7 billion to be distributed to FTX customers.



This settlement bars FTX and Alameda from trading digital assets but does not impose additional civil penalties. Initially, the CFTC sought $52.2 billion in compensation but will not receive any funds if FTX complies with the reorganization plan. The plan promises to pay at least 118% of claims to 98% of creditors, with a vote expected on August 16th. However, the largest creditor group demands repayment in cryptocurrency rather than USD.
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