FTX, Alameda Ordered to Pay $12.7B to Creditors; Brazil’s SEC Approves Solana-Based ETF

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FTX, Alameda Ordered to Pay $12.7B to Creditors; Brazil’s SEC Approves Solana-Based ETF
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'CoinDesk Daily' host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as a New York judge officially ordered defunct crypto exchange FTX and trading firm Alameda Research will pay $12.7 billion to creditors.

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as a New York judge officially ordered defunct crypto exchange FTX and trading firm Alameda Research will pay $12.7 billion to creditors. Plus, the Brazilian SEC has approved a Solana-based ETF, and Kamala Harris and Donald Trump are tied on Polymarket.FTX and Alameda Research to pay $12.7 billion to creditors and a salon ETF gets approved in Brazil.

Founder of both companies, Sam Bachman freed was sentenced to 25 years in prison and ordered to forfeit $11 billion in March. The Brazilian SEC has approved a Solana based ETF, the agency disclosed in its central database. It is the first product of its kind in Brazil and among the first Solana ETPS globally.

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