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Bankruptcy Bombshell: FTX and Alameda to Shell Out $12.7B to Creditors
In a significant turn of events for the cryptocurrency industry, a court ruling has ordered the embattled crypto exchange FTX and its affiliate, Alameda Research, to allocate a substantial sum of $12.7 billion toward creditor compensation. This verdict, issued by a judge in New York, concludes a comprehensive 20-month legal saga spearheaded by the Commodity…