FTX Group pays over $25 million to seven whistleblowers to settle lawsuit

According to a review report released on Thursday, the bankrupt cryptocurrency exchange FTX paid over $25 million to seven unnamed whistleblowers who discovered problems with the company. One of the whistleblowers was described as a former executive of FTX.US who believed that the FTX Group "misled regulators and investors, lacked proper corporate structure," and made recommendations to SBF and other executives before resigning in September 2022 and agreeing to a settlement worth over $16 million.