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A judge has ordered both FTX and its sister trading firm Alameda Research to pay out $12.7 billion to creditors following the conclusion of a Commodity Futures Trading Commission (CFTC) lawsuit. In an August 7 filing, New York district judge Peter Castel ruled that both collapsed crypto firms should pay a disgorgement of $8.7 billion to the victims who lost out, and $4 billion to cover the profits they made during all of their violations.  Defendants, including FTX, Alameda, Caroline Ellison, Sam Bankman-Fried, Gary Wang, and any of their affiliates, are, according to yesterday’s consent order, also prohibited from trading any digital asset commodities, including, bitcoin, ether, and tether. They are also banned from acting as market intermediaries . Craig Wright fails to appeal UK ruling in Bitcoin case Read more:What happened to the crypto islands? FTX and Alameda had both agreed with the CFTC back in July to pay the billion-dollar settlement. However, this agreement was...

Sam Trabucco, the former Co-CEO of Alameda Research, is back again after briefly resurfacing in May to write a three-page, single-space letter defending his ‘best friend’ Ryan Salame. According to multiple users on X (formerly Twitter), Trabucco has been active since likes were taken private, mostly to like tweets from Salame. It appears that Trabucco was unaware that others mentioned in tweets could see who was liking them. It’s unclear if he’ll will become active on any social media outside of liking his prior co-workers’ tweets, but he hasn’t publicly spoken to any media outlet or clarified why he hasn’t been sought out by the Department of Justice (DoJ). ‘Soak my Deck’ captain Sam Trabucco sails in for Ryan Salame Read more: Where in the world is Sam Trabucco ? FTX victims launch manhunt Mansions, Condos, and Yachts, oh my! Protos previously broke the news that Trabucco had purchased a boat called ‘Soak my Deck,’ an $8.7 million condo in San Francisco , a...