US orders FTX, Alameda to pay $12.7 bn to victims
New York (AFP) Aug 8, 2024
Failed cryptocurrency platform FTX Trading and affiliate Alameda Research must pay $12.7 billion to compensate customers and fraud victims under a consent order, US regulators announced Thursday. A US court in New York ordered the payments in the wake of a massive fraud scheme perpetrated by ex-FTX leader Sam Bankman-Fried, said the Commodity Futures Trading Commission, which called the sum
Failed cryptocurrency platform FTX Trading and affiliate Alameda Research must pay $12.7 billion to compensate customers and fraud victims under a consent order, US regulators announced Thursday. A US court in New York ordered the payments in the wake of a massive fraud scheme perpetrated by ex-FTX leader Sam Bankman-Fried, said the Commodity Futures Trading Commission, which called the sum