ICYMI: FTX and trading firm Alameda Research will have to pay $12.7 billion to its creditors after a New York judge officially approved a consent order on Wednesday.

ICYMI: FTX and trading firm Alameda Research will have to pay $12.7 billion to its creditors after a New York judge officially approved a consent order on Wednesday.

https://www.coindesk.com/policy/2024/08/08/ftx-alameda-ordered-to-pay-127b-to-creditors-by-us-judge/?utm_source=twitter&utm_campaign=coindesk_main&utm_content=editorial&utm_medium=social&utm_term=organic

Significant development in the FTX-Alameda saga. This $12.7 billion payout to creditors marks a major step towards closure for the affected parties.