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Stealth • 14d
FTX Ordered to Pay $12.7 Billion in Landmark Court Ruling In a significant development for the crypto world, a U.S. court has ordered the bankrupt cryptocurrency exchange FTX to pay $12.7 billion in compensation to its customers. This decision comes after FTX’s sudden collapse, which left thousands of investors scrambling to recover their lost funds. Announced by the Commodity Futures Trading Commission (CFTC), this ruling emphasizes consumer protection and marks a crucial step in resolving one of the biggest financial crises in cryptocurrency history. As FTX navigates its bankruptcy proceedings, this payout order could set a new standard for handling customer losses in the digital currency sector.
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