Crypto exchange FTX ordered to pay customers US$12.7 billion in wake of fraud

Digital currency customers will continue to be subject to fraud if new regulatory tools are not introduced, claimed the chairman of the Commodity Futures Trading Commission (CFTC) as the organisation won a case ordering cryptocurrency exchange FTX to pay US$12.7 billion to victims of fraud by senior executives.

By Sarah Gibbons

Digital currency customers will continue to be subject to fraud if new regulatory tools are not introduced, claimed the chairman of the Commodity Futures Trading Commission (CFTC) as the organisation won a case ordering cryptocurrency exchange FTX to pay US$12.7 billion to victims of fraud by senior executives.