FTX agrees to $12.7 billion settlement with CFTC over collapse

Collapsed crypto company FTX has reached a settlement with the Commodity Futures Trading Commission (CFTC)—meaning the disgraced brand is now expected to pay $12.7 billion to resolve the lawsuit.

Documents from a bankruptcy court show that FTX will pay $4 billion in disgorgement fees. Another $8.7 billion will be paid in restitution fees, subject to court approval, according to the documents.