Former FTX executive and promoter settles with class action group for approximately $1.36 million

BlockBeats news, on March 29, Cointelegraph reported that former FTX executives and promoters had reached a settlement of nearly $1.36 million with a class action group composed of former investors in the trading platform. FTX co-founder Zixiao "Gary" Wang, former engineering executive Nishad Singh, and former Alameda Research CEO Caroline Ellison agreed to cooperate and provide information to the lawsuit to resolve the claims against them, according to a federal court in Miami.