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What will be the next major legal action involving FTX or Alameda Research by December 31, 2024?
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Resolution / Starting Odds
New lawsuit filed • 25%
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Bankruptcy declared • 25%
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Official court filings and verified news reports
Story
New York Judge Approves $12.7 Billion Settlement for FTX, Alameda with CFTC to Repay Creditors
Aug 8, 2024, 06:11 AM
A US District Judge in New York has given final approval to a $12.7 billion settlement involving the defunct cryptocurrency exchange FTX, its sister firm Alameda Research, and the United States Commodity Futures Trading Commission (CFTC). The settlement mandates FTX and Alameda Research to repay $12.7 billion to FTX creditors. This approval marks the conclusion of a lawsuit filed by the CFTC, which is a significant step in addressing the aftermath of the 2022 crypto collapse.
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