TechFlow news — Former executives and promoters of FTX have reached a settlement of nearly $1.36 million with a class-action group composed of former investors of the cryptocurrency exchange.
According to Miami federal court filings on March 27, FTX co-founder Zixiao "Gary" Wang, former engineering head Nishad Singh, and former CEO of sister trading firm Alameda Research, Caroline Ellison, agreed to cooperate and provide information to the litigation in seeking court approval for the settlement of claims against them.
Separate settlements were also reached with seven other influencers, as well as Daniel Friedberg, former FTX chief regulatory officer and FTX.US chief compliance officer.
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