crypto

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

This will have a significant impact on both FTX and Alameda Research. It's a tough situation for them to pay such a huge amount to creditors. Let's see how they navigate through this challenge.