FTX reached a $12.7 billion agreement with the US Commodity Futures Trading Commission (CFTC)! 💰 After FTX's bankruptcy filing, CFTC's demand of $52.2 billion was reduced to $12.7 billion. The deal is contingent on FTX's restructuring plan. 🤝 Approval is expected at the hearing to be held on August 6. Promising developments in the Bitcoin and crypto world! 🚀