FTX has agreed to a $4 billion settlement with the CFTC, significantly reducing the original $52.2 billion demand. This tentative settlement, pending approval from US Bankruptcy Judge John Dorsey, aims to prioritize creditor repayments and expedite asset distribution. The agreement prevents the CFTC from imposing additional penalties, safeguarding available funds for creditors. However, some creditors express concerns that this settlement may compromise their full restitution. The case hearing is scheduled for August 6, 2024.
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