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Will the Delaware bankruptcy judge approve the $12.7 billion settlement between FTX and CFTC by December 31, 2024?
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Resolution / Starting Odds
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Court records or official announcements from the Delaware bankruptcy court
Story
FTX and CFTC Reach $12.7 Billion Settlement, Including $4 Billion Claim, to Resolve Fraud Case
Jul 16, 2024, 07:06 PM
FTX and the Commodity Futures Trading Commission (CFTC) have reached a $12.7 billion settlement following months of negotiations. This agreement, which has been submitted to a Delaware bankruptcy judge for approval, aims to resolve a fraud civil enforcement action. The settlement would allow the CFTC a $4 billion claim in FTX's bankruptcy proceedings. The case has drawn significant attention, with allegations of wire fraud involving Silvergate Bank and FTX. Silvergate went into voluntary liquidation, which has delayed further investigations.
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