Defunct crypto exchange FTX and trading firm Alameda Research will pay $12.7 billion to creditors as a New York judge officially approved a consent order on Wednesday, ending a 20-month-long lawsuit ...

FTX, formerly one of the largest crypto trading exchanges in the world, may be getting a tax break. A proposed settlement would whittle down the company's claim with the IRS to just $885 million.

The CME bitcoin annualised basis has fallen to -2.35% its deepest backwardation since the extreme dislocations of the FTX collapse in November 2022, when the basis briefly approached -50%, according ...