FTX and Alameda Research, now bankrupt, must pay $8.7 billion in restitution and $4 billion in disgorgement following the sentencing of FTX founder Sam Bankman-Fried to 25 years in prison and another executive, Ryan Salame, to seven and a half years.

The CFTC found that FTX violated the Commodity Exchange Act, banning it from trading or holding cryptocurrency funds. FTX and Alameda must also cooperate with ongoing CFTC litigation. CFTC Chairman Rostin Behnam criticized FTX for lacking basic regulatory safeguards, while Enforcement Director Ian McGinley praised the swift recovery of funds for victims, marking it as the largest in CFTC history.