<a href="https://optimisus.com/news/crypto-news/ftx-disputes-the-264-million-claim-by-jump-trading-over-srm-tokens/" rel="noopener noreferrer nofollow">FTX, a bankrupt crypto exchange</a>, has agreed to a $4 billion settlement with the US Commodity Futures Trading Commission (CFTC), a significant reduction from the initial demand of $52.2 billion.  
The settlement aims to expedite asset distribution to creditors affected by FTX's collapse in 2022. The agreement is pending approval from US Bankruptcy Judge John Dorsey, with a hearing set for August 6, 2024. If approved, the settlement will ensure that the CFTC's claims are addressed only after other creditors have been paid.  
Some creditors are concerned that this settlement might affect their chances of full repayment. Sunil Kavuri, an FTX creditor, criticized the deal, arguing that it prioritizes government fines over compensating victims fully.  
The agreement aims to avoid prolonged litigation, ensuring quicker payments to creditors and preventing the CFTC from imposing additional penalties, which helps preserve funds for creditors.  
FTX's proposed repayment plan, which seeks to repay creditors between $14.5 billion and $16 billion based on asset values from November 2022, has faced opposition.  
Analysts believe that FTX's repayment efforts could boost cryptocurrency market prices by injecting a significant amount of assets back into the market. The court's approval of the settlement and the reorganization plan is crucial for <a href="https://optimisus.com/market/market-news/ftx-founders-family-handles-over-100-million-in-political-donations/" rel="noopener noreferrer nofollow">FTX</a> to progress with its bankruptcy process and effectively address creditor claims. 
The post <a href="https://optimisus.com/news/crypto-news/ftx-exchange-agrees-to-a-4-billion-settlement-with-the-cftc-to-expedite-creditor-repayments/" rel="noopener noreferrer nofollow">FTX exchange agrees to a $4 billion settlement with the CFTC</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

FTX exchange agrees to a $4 billion settlement with the CFTC

Optimisus

发布于 2024年7月14日的其他文章

Altcoins To Offload As Price Faces Risk

Cardano (ADA) Price Surges to Weekly High, Set to Continue Surge

XRP Price Skyrockets 26%: Here Are 2 Main Future Scenarios

MOONHOP’s Thrilling Ascent: Dethroning BOME’s Price Prediction & Commanding Cardano’s Voyage

5 Reasons Why Bitcoin Price Is Poised For A Rally Soon

Shiba Inu (SHIB) Improves Correlation With Bitcoin to Catalyze Recovery

订阅我们免费的电子期刊，获取每日最新加密领域动态！