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FTX, Alameda Ordered to Pay $12.7B to Creditors by U.S. Judge

The order doesn't include civil penalties but bans FTX and its sister concern, Alameda, formerly a heavyweight crypto market maker, from trading digital assets and acting as intermediaries in the market.

Sam Bankman-Fried (Danny Nelson/CoinDesk)
Sam Bankman-Fried (Danny Nelson/CoinDesk)