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US Court Orders FTX and Alameda to Pay Fraud Victims $12.7 Billion in Historic CFTC Recovery

August 8, 2024
in Crypto/Coins
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US Court Orders FTX and Alameda to Pay $12.7 Billion to Fraud Victims in Historic CFTC RecoveryA U.S. district courtroom has ordered FTX and Alameda Analysis to pay $12.7 billion to fraud victims as a result of their misuse of buyer funds and fraudulent practices. Ian McGinley, Director of the Commodity Futures Buying and selling Fee’s Division of Enforcement, emphasised that this multibillion-dollar restoration is the biggest restoration in CFTC historical past. FTX and Alameda Ordered […]

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Tags: AlamedaAlameda ResearchbillionCFTCCourtcryptoCryptocurrencyCustomer FundsFraudFTXHistoricLitigationOrdersPayrecoverySamuel Bankman-FriedsbfSouthern District of New YorkVictims
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