US court orders FTX and Alameda to pay fraud victims $12.7 billion in historic CFTC recovery

A US district court ordered FTX and Alameda Research to pay $12.7 billion to victims of fraud due to misuse of customer funds and fraudulent practices. Ian McGinley, director of the Commodity Futures Trading Commission’s Division of Enforcement, pointed out that this multi-billion dollar recovery is the largest recovery in CFTC history. FTX and Alameda ordered (…)