Business

US orders FTX, Alameda to pay $12.7 bn to victims

Failed cryptocurrency platform FTX Trading and affiliate Alameda Research must pay $12.7 billion to compensate customers and fraud victims under a consent order, US regulators announced Thursday.

Business

US defends law forcing sale of TikTok app

TikTok's collection of user data makes it a national security threat, the US Justice Department said Friday in response to a civil suit by the Chinese-owned firm aimed at preventing the forced sale of the app.

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