Former FTX CEO Settles Class-Action Lawsuit with Cryptocurrency Users

Former FTX CEO Sam Bankman-Fried has reached a settlement with cryptocurrency users in a class-action lawsuit filed in Florida. The settlement, subject to court approval, aims to resolve the lawsuit and involves Bankman-Fried assisting in prosecuting FTX influencers and aiding in victim recovery through documents and testimony provided during his criminal trial. The lawsuit, filed in November 2022 and consolidated in June 2023, seeks recourse for losses during the fall of FTX.

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