It went bankrupt due to irregularities in recent years and caused a huge collapse in the cryptocurrency markets. FTX exchange There was a new development regarding the issue. The court overseeing the FTX case in the USA ruled that the dispute between the bankrupt exchange and the US Commodity Futures Trading Commission (CFTC) $12.7 billion approved the agreement.
FTX and sister company Alameda Research made the agreement offer in question. last month they had presented. The CFTC also gave the green light to this agreement. the court too with approval An important step has been taken.
All $12.7 billion will be paid to creditors
The CFTC did not request administrative fines for FTX and Alameda Research. Therefore, the entire amount of 12.7 billion dollars within the scope of the agreement, to corporate creditors payable. Meanwhile; FTX and Alameda Research will no longer engage in transactions involving digital asset commodities. will not be able to enter and will not be able to buy or sell digital asset commodities on behalf of third parties. Companies on this issue permanent ban was brought.
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According to the information obtained, creditors are not sure how the payment will be made. They moved on to the voting phase.. They are right at this point because cryptocurrency markets have hosted huge price volatility over the last few years. The court will collect the requests until 16 August and will hear the requests on 7 October. will make the final decision.