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Market
Which entity will be the first to receive repayment from FTX and Alameda?
3
Resolution / Starting Odds
FTX creditors • 25%
FTX investors • 25%
US government • 25%
Other • 25%
Public financial disclosures, official statements from FTX, Alameda, or legal authorities
Story
New York Judge Approves $12.7B Settlement in FTX, Alameda 20-Month Lawsuit
Aug 8, 2024, 11:42 AM
A New York judge has approved a $12.7 billion settlement involving defunct crypto exchange FTX, its sister firm Alameda Research, and the United States Commodity Futures Trading Commission (CFTC). This settlement concludes a 20-month legal battle and mandates FTX and Alameda to repay $12.7 billion to FTX creditors, including $8.7 billion to investors defrauded by founder Sam Bankman-Fried. The settlement also includes a ban on both firms from trading cryptocurrencies and acting as market intermediaries. The CFTC has emphasized the need for further crypto legislation following this landmark ruling.
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Similar markets
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Stablecoins • 25%
Fiat currency • 25%
Other digital assets • 25%
Combination • 25%
Less than $4 billion • 25%
$4 billion to $8 billion • 25%
$8 billion to $12 billion • 25%
More than $12 billion • 25%
Stablecoins • 25%
Fiat currency • 25%
Other digital assets • 25%
Combination of methods • 25%
FTX Bankruptcy Estate • 25%
Individual Creditors • 25%
Government Agencies • 25%
Other • 25%
BitGo and Kraken only • 33%
BitGo, Kraken, and others • 33%
Kraken only • 33%
Other exchanges only • 33%
Yes • 50%
No • 50%
FTX Executives • 25%
Auditors • 25%
Other Law Firms • 25%
Other • 25%