The judge has officially approved the $12.7 billion settlement agreement between FTX and the CFTC

ChainCatcher news, on August 7, U.S. District Judge Peter Castel officially approved the $12.7 billion settlement agreement reached by FTX and Alameda to resolve the CFTC's 20-month lawsuit. Notably, the CFTC did not seek civil penalties, meaning the entire $12.7 billion will be used to directly repay FTX creditors.

Previous news, the bankrupt cryptocurrency exchange FTX and the U.S. Commodity Futures Trading Commission (CFTC) have agreed to a $12.7 billion settlement, currently awaiting approval from a Delaware judge.