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What will be the impact of the FTX-CFTC settlement on the cryptocurrency market by the end of 2024?
1
Resolution / Starting Odds
Positive impact • 25%
Negative impact • 25%
No significant impact • 25%
Mixed impact • 25%
Cryptocurrency market analysis, financial news reports
Story
FTX and CFTC Agree to $12.7 Billion Settlement Pending Court Approval
Jul 16, 2024, 07:13 PM
FTX and the Commodity Futures Trading Commission (CFTC) have agreed to a $12.7 billion settlement after months of negotiations. The settlement includes $8.7 billion in restitution and $4 billion in disgorgement, aimed at repaying creditors directly. No civil monetary penalties were imposed as part of the agreement. The settlement is subject to court approval and resolves a 19-month lawsuit.
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No significant impact • 25%
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