Former FTX Executives and Promoters To Pay $1.35 Million in Lawsuit Settlement Deal
1 year ago
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Former executives and promoters of crypto exchange FTX have agreed to settle a class action following founder Sam Bankman-Fried's sentencing Thursday, court documents filed yesterday show. Former head of engineering for FTX, Nishad Singh, Alameda Research CEO, Caroline Ellison, chief technological officer for FTX, Gary Wang, and seven promoters of the exchange will have to pay up to $1.3 million to solve the claims against them.
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