Former executives and founders of FTX, a cryptocurrency exchange, have reached a settlement of nearly $1.36 million with a collective group of former investors in a class-action lawsuit. The settlement involves FTX co-founder Zixiao "Gary" Wang, former engineering director Nishad Singh, and former CEO of Alameda Research, Caroline Ellison, who have agreed to cooperate and provide information to resolve the claims against them. Additionally, settlements have been reached with seven other individuals involved, as well as former FTX Chief Regulatory Officer and FTX.US Chief Compliance Officer Daniel Friedberg.

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<p>News from TechFlow of Deep Tide: Former executives and founders of FTX have reached a settlement of nearly $1.36 million with a collective lawsuit group composed of former investors of the cryptocurrency exchange.</p>
<p>According to the Miami Federal Court on March 27th, FTX co-founder Zixiao "Gary" Wang, former engineering director Nishad Singh, and former CEO of sister trading company Alameda Research, Caroline Ellison, have agreed to cooperate and provide information to the lawsuit in order to seek settlement approval for the claims against them.</p>
<p>A settlement has also been reached with seven other defendants, as well as former Chief Regulatory Officer of FTX and Chief Compliance Officer of FTX.US, Daniel Friedberg.</p>
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FTX's Former Executives and Founders Reach a $1.36 Million Collective Lawsuit Settlement