FTX reaches settlement with CFTC, the latter's $4 billion claim will be ranked after creditors and interest
On July 13th, it was reported that FTX creditor Sunil posted on X platform that a document on July 12th showed that FTX had reached a settlement with the US Commodity Futures Trading Commission (CFTC), and the $4 billion claim by the CFTC will be prioritized after all creditors and interest. The payment to the CFTC will go into a supplementary restitution fund to compensate cryptocurrency holders who have suffered significant losses.
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