Former FTX executives and founders settle class action lawsuit for $1.3 million
Former executives and founders of FTX have reached a settlement of nearly $1.36 million with a group of investors who filed a collective lawsuit against the cryptocurrency exchange.On March 27, the Miami federal court stated that FTX co-founder Zixiao "Gary" Wang, former engineering director Nishad Singh, and former CEO of sister trading firm Alameda Research, Caroline Ellison, agreed to cooperate and provide information to the lawsuit in order to seek approval for a settlement bid against them.Settlements were also reached with seven other influencers, as well as former FTX Chief Regulatory Officer and FTX.US Chief Compliance Officer Daniel Friedberg.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Top NFT Brand Pudgy Penguins to Release PENGU Token
Pudgy Penguins to launch Solana-based official token Pengu this month
Pudgy Penguins NFT collection is launching its own cryptocurrency named Pengu within this year.Roughly 25.9% of the supply is set to be distributed to the Pudgy Penguins community.
Ethereum hits $4,000 as Bitcoin soars to $100K
Bitcoin reaches $2,039 trillion market cap
Trending news
MoreCrypto prices
More
